Estate Planning - Page 5

Married couples who don’t have children often put off their estate planning longer than those who are parents. They don’t have to worry about the issue of child guardianship if anything were to happen to them. There’s also no need to determine how their assets will be divided among offspring. However, child-free couples should have ...

Most people would be quick to say that they have nothing in common with Jeffrey Epstein. The 66-year-old financier was facing multiple federal sex trafficking charges involving minors when he died last month — reportedly by hanging himself in his Manhattan jail cell. However, his estate is subject to the same laws as many other ...

You’ve completed your estate plan. That’s a tremendous accomplishment — and one that too many people never get around to. You’ve got some peace of mind. Your attorney likely is keeping the original documents (in paper as well as electronic versions). They probably presented you with an impressive binder containing copies of everything. It may ...

As your parents age, it’s more important than ever to keep an open line of communication regarding estate planning. While you don’t want to become a nuisance, it’s good to let your parents know that you’re willing to help. The most difficult part of discussing estate planning with your parents is starting the conversation. It’s ...

If you decide to divorce your spouse, it’ll change your life in many ways. It’s critical to alter your estate plan as soon as possible, as there’s a good chance you want to remove your ex-spouse entirely. In the future, you may decide to remarry. This will lead you to once again review your estate ...

When you create an estate plan, you do so with the idea that it’ll provide you and your loved ones with peace of mind. While this is sure to happen, don’t overlook the fact that you may need to review and update your estate plan every so often. There are many specific reasons to review ...

Even if you’re serious about estate planning and making sure you have everything in order, there’s no guarantee that a mistake won’t creep into view at some point. It’s important that you do your best to avoid potential mistakes, as this will give both you and your family greater peace of mind. Here are some ...

Art collectors generally put a lot of thought into what artwork to bring into their collection. It can also be very important for them to give careful thought as to what will happen with their collection when they pass away. Given the great emotional and financial value artwork can have, collectors may have very strong ...

Being forced to talk about a day when you are no longer around for your family is probably not your ideal evening, but it may be something you need to do. Estate planning is necessary for all families, though it does require you to talk about an unpleasant topic. Even if you are relatively young, ...

During this holiday season as you are visiting with your parents, it may be the right time to speak to them about their estate planning. You may feel this is not the right time of year to bring up the subject, but if not now, when? If you address estate planning with your parents from ...