Age With Confidence
And Grace
We are all going to die someday, but not everyone is prepared for this certainty. This is because many people refuse to discuss what will happen after their death. Do you have a plan in place? Most people do not. Statistics show that only 24% of adults in the United...
Many people have strong feelings about probate and want to avoid it, but they do not always succeed. Probate is the legal process used to settle a person’s estate after death. It generally involves identifying the deceased person’s assets, paying outstanding debts and...
Owning a second home, rental property or family property in another state can feel straightforward. Yet after your death, that property could create an added burden for the people handling your estate. You likely want what you worked hard to acquire to pass to your...
Estate planning encompasses many elements. One of them is having a power of attorney. A power of attorney is an important part of an estate and health care plan. It allows you to designate someone you trust to make financial, legal, or medical decisions on your behalf...
When going through the estate planning process, many people focus on their death and what will happen to their assets when they die. But what they should also focus on is what will happen if they are still alive but incapacitated and unable to manage their affairs....
Giving away assets while you are still alive can be a wonderful way to see your family enjoy their inheritance. It can also reduce the overall size of your estate, which helps your loved ones avoid financial burdens down the road. Still, making large financial moves...
Creating a trust is an effective way to protect your legacy, but its value relies entirely on the person you put in charge. A trustee is responsible for managing your property and distributing it to your beneficiaries according to your exact instructions. Choosing the...
Change comes quickly when a parent moves into assisted living. You want to do the right thing, but there's a lot to manage, including what will happen to their property. Understanding how probate works and which assets are exempt can give you some peace of mind during...
When a person passes away, the handling of their debts can be a complex and emotional process for the surviving family members. It is common to wonder if you will have to pay those bills. Knowing the rules about how to handle debts after a person’s death can help...
The main goal for many people putting together an estate plan is to provide economic support for their loved ones after they die. They choose specific family members to inherit certain assets and may attempt to maximize how much of their property passes to their...
