Only 44% of Americans have even a simple Will. We procrastinate for several reasons. Learn those reasons and how to push past them. Learn, briefly, why planning is important. Estate Planning is Too Important to Procrastinate … [Read more...] about Estate Planning is Too Important to Procrastinate
Over half of all Americans do not have an estate plan according to surveys conducted on the subject. Many people indicate that they haven’t created an estate plan because they do not believe they need one. The reality is that everyone can benefit from an estate plan. Even if you have very little in the way of assets, you may still need at least a basic Last Will and Testament. People often make the mistake of assuming that you need a large estate to use the services of an estate planning … [Read more...] about Does Your Law Firm Do Wills?
Most of us have probably received some scam email at one time or another asking us for money. The “Nigerian Prince Scam” was a popular one for many years and is still running its course. These scam email solicitations typically ask for advance fees, wire transfers or funds to take care of emergencies. In return for your generous donation, the sender promises to return your fees and provide compensation for your time and generosity. Unfortunately, many become unsuspecting victims of these email … [Read more...] about Scam Email Looking for Overnight Spouses for Will Hoax
Your Last Will and Testament is intended to be a roadmap for how you wish your assets to be handled upon your death. Unfortunately, in some cases not everyone is happy with the terms of a will. When a family member or loved one is unhappy with the outcome of a will, a will contest often ensues. If you anticipate that a will contest may be filed by someone upon your death, or simply want to prepare for the possibility, then being proactive at the time you execute your will may prevent the will … [Read more...] about Preparing for a Will Contest
If you die without leaving behind a valid Last Will and Testament, you are said to have died “intestate”. Intestate simply means, in legal terms, that you died without a Will. When a person does leave a valid Will behind, one important provision in the Will is the appointment of an executor to oversee the administration of the decedent’s estate. If no Will is located, then someone is still required to be appointed to serve in the position. Although the name may vary from one state to the next, … [Read more...] about Who Administers an Intestate Estate?
Your first thoughts when you begin to engage in the process of estate planning are usually going to revolve around the intelligent and efficient distribution of your assets. This is certainly a large part of it, but there are a number of details that many people may not consider at first. One of these is the matter of funeral arrangements. There are those who have very specific desires in this regard. They may want a favorite priest, rabbi, imam, or minister to perform a memorial service in a … [Read more...] about Estate Planning & Funeral Arrangements
When you are considering the question of whether or not it is advisable to draw up your own will, it is wise to draw some lines. There are some activities that can be engaged in at every level, from beginning to intermediate to advanced and everything in between. You start out at a very rudimentary level and build on the things that you learn, and people often learn best through initial failure. This is as it should be; incremental improvement through trial and error is part of the learning … [Read more...] about Drawing Up A Will On Your Own
The first thing that most people consider when they start to plan their estate is their will, and this is of course a very important component. Deciding exactly how you would like to see your assets passed on to your heirs can indeed be challenging, but that is not the only thing that you have to consider when drawing up your will. You also have to appoint someone to be the executor of your estate, and this person is going to have a significant amount of work to do in your behalf. Upon your … [Read more...] about Who Will Be Executor Of Your Estate?
There is a general misconception that exists concerning estate planning in regard to age. Many people are under the impression that you don't need to prepare a will or engage in other forms of planning until you reach your twilight years and have accumulated considerable assets. In fairness, it is true that people at or past the age of retirement are probably going to see estate planning as a more immediate need than young people who are just starting out in life. But the fact remains that … [Read more...] about Estate Plans Benefit The Young
While everyone knows the important of having a Will, about 70% of Americans still haven’t created one. But before you start drafting, you should know that different Wills do different things. A Simple Will for example, covers your basic necessities, such as provisions for your children and distribution of assets. There are templates available on the internet but because estate planning can get complex very quickly, it’s best to have a qualified estate planning attorney draft your Will for you. … [Read more...] about Understanding the Different Types of Wills