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Estate Planning Archives

Alterations and challenges to will can create issues

One of the great misunderstandings about estate plans is that people think an estate plan is a single document, a self-contained contract that outlines everything and anything relating to an individual's estate. To the contrary, estate plans are made up of many different documents, provisions and contracts -- and one of these documents is the will.

What should Gen Xers keep in mind when it comes to estate planning?

On Friday, our blog discussed how those people inching ever closer to retirement age -- aka Baby Boomers -- need to expand their focus beyond retirement planning and ensure that they have an estate plan in place to protect the substantial assets they've accumulated over a lifetime of hard work.

Estate planning: It's about more than having a will

Planning for the future is something we do all the time. We schedule vacations, set aside money for retirement, organize long-term payment plans for a house and do what we can to support our kids as they grow up and think about what they want to be someday.

Avoiding fights over sentimental assets

In our last post, we began a discussion about the estate-related challenges currently being navigated by the family of the late Robin Williams. A court recently ordered Williams’s children and widow to try and settle their disputes over the course of the next few months. If the family cannot resolve their differences, they will likely need to litigate the issues about which they disagree.

If you are moving outside the U.S., consider these tips

Many Americans choose to work or to retire in locations outside the borders of the United States. Whether you are a Midwesterner seeking warmth in the Caribbean or a New Yorker seeking peace in rural Italy or France, it is important to take a few estate planning steps before you leave the country for an extended period of time.

Why young couples should tie up estate planning after tying the knot

When a young couple makes the momentous decision to get married, it often sets off months of planning that will undoubtedly leave them feeling satisfied yet completely exhausted after their walk down the aisle.

The risks of DIY estate planning

There is nothing wrong with wanting to save a little money where you can. Being responsible with your finances can lead to many positive rewards. However, it remains important to know when it makes sense to save and when it makes sense to spend. Failing to spend a bit of money where you need to can lead to disastrous consequences.

Estate planning for your digital accounts and assets

Did you know that the social media site Facebook offers users the option to designate a legacy contact? Essentially, a legacy contact is granted access to the user's account after he or she has died. This contact may then post to the user's timeline, update pictures and respond to certain requests on behalf of the user's account. Does this arrangement strike you as silly, odd or brilliant?

When non-traditional families embrace estate planning

The modern American family is not constructed in any set pattern. While at one point in time the typical American family consisted of two married parents and many children, that construction eventually shifted to two married parents and a few children. Currently, the modern American family has no “typical” size, number of members or relational structure. Now, the prevalence of divorce, adoption, remarriage and a host of other factors have led the American family to emerge in a variety of forms.

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