Day: November 10, 2022

You may no longer be legally married, but divorce does not automatically remove your prior spouse from your will, trust, or beneficiary designations.

When people pass away, their assets go through probate. The parties to an estate are the people involved in the probate process.

If you are a high-net-worth individual, it’s essential to have a comprehensive estate plan in place. However, every family’s circumstances are unique, and there is no one-size-fits-all solution for estate planning

Although estrangement can significantly impact individuals’ lives, it is not a legal term and, in many cases, might not have a legal effect.

There are some documents that you will want to hang on to forever and some that you should keep for a few years.

In many cases, you would tell your beneficiaries that you have made a trust for them. However, this is not always desirable – and this is where a “quiet” trust may be helpful.

Planning your own funeral arrangements can assist your loved ones in an emotionally challenging time, while also protecting them from incurring extraneous costs.

Even if you’ve created an estate plan, are you sure you included everything you need to? There are certain provisions that people often forget to put in in a will or estate plan that can have a big impact later on.