Estate Planning Categories

Estate Planning Help Guides

Understanding the Probate Process
Probate can sound like a terrifying word and an even more terrifying process. However, it does not have to be. You can easily navigate the process when you understand the ins and outs of it. In fact, the probate process can consist of as little as four steps, so there is no need to overcomplicate it in your mind. What Is Probate? Probate is a common...
7 Key Estate Planning Steps to Follow When You Have Kids
As a new or soon-to-be parent, you begin to realize that there is very little you would not do to protect your beloved children. Babyproofing your home and finding the perfect car seat are important steps, of course, but have you created a contingency plan to ensure your child continues to receive amazing care once you are no longer around? Do you k...
Essential Estate Planning Updates to Make After You Get Divorced
Divorce holds considerable implications not only for your financial future, but also for the future of your loved ones and even your medical care. To that end, it is imperative that you revisit your estate plan as soon as you seek divorce or separation. Keep the following estate planning considerations in mind as you proceed with your divorce. Befor...
How to Leave an Heir Out of Your Will
When the multi-married actor Henry Fonda died in 1982, he left his estate to his fifth wife, to whom he was married at the time of his death, and one child he had adopted with his third wife. He specifically left nothing to his other two children, the actors Peter and Jane Fonda, who he had fathered with his second wife. The words Fonda used in his...
How to Set Up a Living Trust
A living trust, also called a revocable living trust or simply a revocable trust, is a common estate planning tool. When you create a living trust and transfer assets into it, those assets avoid probate court when you die. A living trust can also make it easier for your loved ones to manage your estate in the event you become incapacitated during yo...
What Is an Affidavit and When are They Used?
In a nutshell, an affidavit is a sworn statement that is in writing. Affidavits are usually used in a court or in negotiations. They are common in family law cases and bankruptcy cases. They are also used in civil and criminal cases, though not as often as family or bankruptcy law cases. They must be notarized and you must swear that the facts conta...
Power of Attorney: Drafting, Reviewing, and Revoking
Giving someone authority to act on your behalf through a power of attorney is a major decision. The person who grants that authority is known as the principal or maker; the person getting the authority is known as the attorney-in-fact or......
Estate Planning: When to Update Your Plan and Why
If you have an estate plan already in place, then you have started off on the right path. If you do not have one yet, it is time to get one drawn up so you can have a plan in place. However, once you have your estate plan made, it is not......
Components of an Estate Plan and How to Determine What You Need
An estate plan is something that everyone should have in place. Whether you only need one estate planning document or all of them will depend on your specific situation. While you may already have one component, such as a will, it may not be......
Using LLCs for Estate Planning
An LLC, or Limited Liability Company, is a business entity that is separate and apart from its owner(s). It offers asset protection and a less complicated tax and formal structure than a corporation. Small businesses and individuals often use......