The term "irrevocable trust" is sometimes used during estate planning; however, the exact definition of this term is not always clear. An irrevocable trust is a legal agreement that enables someone to transfer their assets to another person. This type of trust cannot...

An estate plan isn't for only the wealthy. Estate plans are for anyone who has family, medical wishes and assets they would like to see managed. Having your affairs in order before disaster strikes is no less than an act of kindness. Here is a checklist of what you...

Once you are gone, one of the biggest decisions you make when estate planning is determining who to put in charge of the estate. The position of Executor is not something to take lightly and can be a hard decision when multiple children or other loved ones are...

Power of attorney is a sound way to manage estate planning. It gives persons or entities the authority to act on your behalf when you are legally unable to make decisions for yourself. The arrangement is set up in the event you're mentally or physically incapable of...

Individuals with assets located across global borders must exercise significant consideration for successful estate planning. The complexities of managing the future disposition of international assets vary by country, so if you have investments in multiple countries,...

Everybody knows what a will is, but how about estate planning?  Does anyone think to protect the family and assets before passing?   Some say that estate planning does not apply to their situation.  Doesn't the estate owner have to be in the top 2% of the nation's...

Drafting a will is not as complicated as it is usually perceived, but it is an important matter to put one's affairs in order. It presents an opportunity to posthumously have a say on how the assets you acquire are distributed to those around you. It is often a...

Have you considered estate planning? You can only preserve and protect your assets for your loved ones through estate planning. The good news is that it is never too late to implement estate planning strategies. These practices will include asset protection portfolios...

As you begin planning your estate, you may have several concerns about your future. One notable issue for many people, especially as they move into their senior years, is who to assign power of attorney. As you're preparing to make this vital decision, it's essential...

There are many tasks that people in New York need to complete each day. People also need to plan for future events that they expect to occur or there is a potential of occurring. This is true for death as well. It is inevitable that everyone will pass away at some...