Single adults who don’t have children might assume that they don’t need a will. Without a will, you won’t have any say in where your assets go. You also won’t be able to name someone to handle your affairs if you are unable to do this due to incapacitation. Even your choices regarding medical care […]

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Your last living parent or perhaps another elderly relative whose estate you were chosen to administer has passed away. They never got around to downsizing and decluttering — something we talked about recently. They’ve got a home filled with items that go back many decades. Some may have considerable monetary value, while others may only have sentimental […]

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As we progress through adulthood, our lives tend to get bigger — more kids, then grandkids, a larger house and more possessions. Then we reach a point where we no longer need that big house and all that stuff. The kids are grown, maybe our spouse is gone (through divorce or death). That’s when downsizing […]

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Often when people use trusts to leave money to family in their estate plans, they don’t designate specific dollar amounts. They will designate that whatever assets are in the trust at the time of their death be divided — sometimes equally and sometimes not. If you’re the beneficiary of a trust, finding out how much […]

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As you age, you’re more likely to think about your future health and well-being. For example, you may have questions about what will happen to your assets in the event of incapacity and who will make important decisions on your behalf. You’re not required to add a living will to your estate plan, but it […]

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By having a thorough, professionally-developed estate plan, you can ensure that your affairs will be looked after responsibly if you become physically and/or mentally incapacitated and unable to do so. You also can plan for your assets to be disbursed as you’ve designated after you’re gone. However, it’s essential to make sure that you protect […]

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