Being asked to serve as the executor of someone's will can be stressful. It's an important legal position that you should never take lightly. Why? You will be responsible for answering questions, handling the distribution of assets, the reading of the will and so much more. Let's assess the role of an executor of a will.
Estate planning is a topic that is sometimes considered morbid or threatening, but the reality is that it must be done. With good estate plans in place, you can protect your beneficiaries, heirs and loved ones. You protect your estate and everything you've worked for, even if you're no longer here to appreciate it.
As you age, you know the growing importance of having an estate plan in place. You may think it's only important if you have children or direct heirs, but the reality is that it's important no matter who you are.
If you have a child or loved one with special needs, you may want to do everything you can to provide for them if you no longer are able to be with them. A special needs trust can help. It protects your loved one, as well as his or her benefits and savings.
If you ask almost anyone if it is important to have a will in place before you pass away, they'll say that it is. However, statistics show that as much as these people may know how important it is, many of them do not follow through. Roughly 50 percent of people in the United States do not have a will on file.
Estate planning, like taxes, is something most people would rather put off until later. However, when it comes to life and death, we can't be sure there will be a later. There are lessons we can learn from reading about celebrity deaths.
You might have noticed that there was no hologram of Prince featured at the Superbowl this year. Many had hoped that Justin Timberlake would sing alongside a reproduction of Prince's likeness in memory of the great musician's contribution and life.
There are a lot of decisions to make when you and your attorney are doing your estate planning.
Blended families are now more common than ever before. In a blended family, talking about children may turn out to be more of a "your children ... my children ... " conversation. So if you and your spouse have a blended family, how do you accomplish your estate planning?
Preserving what we own for our heirs is important for most people. That is why estate planning is not a task that should be put off. But where do we start?