Estate Planning Help Guides and Resources | Page 2

Estate Planning Help Guides

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......

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......

An Overview of Trusts

Trusts can be very valuable tools that individuals can use within their estate plan. They are one aspect of a larger plan, and when used correctly, they can have many different benefits. They are not the best move for everyone, however. Having......

7 Reasons to Think about Estate Planning When Starting a New Business

Starting a new business is actually a great opportunity to start getting your affairs in order. That is because the evaluation, planning, and implementation process that surrounds starting a business should be a natural call to action for planning your estate....

What You Need to Know About Using Affidavits

An “affidavit” is a written statement that is considered made under oath. It is only valid when made voluntarily and without coercion. When you sign an affidavit, you are asserting that the information is true and that you have personal......

Your Estate Planning List to Get Ready for the New Year

With the New Year approaching, it is often the time when people make plans for the future. No matter what age you are, you should still have an estate plan. Something unexpected could happen to you at any time. Losing your life is rarely......

Establishing and Funding a Single or Joint Revocable Living Trust

A revocable living trust sets out how your property will be managed and distributed during your lifetime or after your death. You transfer legal ownership of various property interests (as opposed to beneficial interests) into the trust and a......

Ultimate Guide to Estate Planning

Death is a fact of life. Some of us die young while others live to a ripe old age. That’s one fact we simply can’t get around. Yet even while we know that someday the inevitable will happen, most of us aren’t prepared for it. Do you really want to leave your loved ones in a quandary about your estate? Wills, trusts, and estate plans aren’t just for...

How to Create an Affidavit of Domicile

An affidavit of domicile is a short legal document that helps to establish a person’s place of residence following his or her death. The document is primarily used in probate court, which is the court that helps distribute the decedent’s......

How to Create a Will Codicil

A will codicil is a document that allows you to amend a will you have already created. Will codicils are best used for relatively small or short changes that don’t require extensive revision of the will. Otherwise, you should probably take a......