The primary goal of estate planning is to designate heirs for your assets. You may, for example, bequeath a summer home to your son or a stock portfolio to your daughter. But what happens to your assets if a beneficiary passes before you do? The short answer is “that depends.” If a beneficiary dies before […]
Nobody necessarily enjoys making their end-of-life plans. However, if you want to make sure that your final wishes are carried out and that your loved ones are left with the inheritance you want them to receive, it is important to have an estate plan and/or a will in place. As you create your estate plan, however, there […]
One of the biggest challenges you will face when you are setting up your estate planning is who to name as your beneficiaries. For many, it may seem like a clear-cut answer, but it’s essential to ensure you are naming your beneficiaries properly to prevent problems when your estate is handled, as well as to […]
Many people don’t like dealing with the legal system on principal, sometimes with good reason. The law can be complex and difficult to understand and any court process has the potential to be lengthy and expensive. If you do not plan otherwise, when you pass away your estate will have to go through a court […]