A successful wrongful death lawsuit provides financial compensation for those affected by a tragedy. A business or individual that causes a death through negligence or misconduct may be responsible for the practical impact of the death on survivors. While a premature...
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Estate Planning
Don’t forget the personal items when planning your estate
When you think about estate planning, you likely think about the most financially valuable assets you own, such as your house, retirement fund and bank account contents. However, it is equally important to account for your other assets, even if they do not hold much...
Some facts about estate planning, wills and trusts
Planning for the future involves more than saving money or building assets. It also requires clear decisions about how those assets will be managed and distributed over time. Estate planning, wills and trusts are closely related concepts, but they serve different...
Irrevocable trusts can make passing assets easier for some people
People who are creating an estate plan often want to find the most effective way to pass down their assets to their beneficiaries. While it’s possible to do this through a will, your will would have to go through the probate process. That can take time, incur expenses...
When is it time to update an estate plan? 3 questions to ask
You’ve always been the responsible sort, so you got your estate plan together years ago – but is it still able to do the job you want it to do? How long has it been since you’ve reviewed your estate plan? A few years may not seem like much, but a lot can change during...
Why everyone needs an estate plan, regardless of wealth
According to a survey, only 33% of adults in the United States have a basic will or any estate planning documents in place. This low percentage indicates that many Americans may not fully grasp the importance of estate planning. While it is a common belief that estate...
3 common estate planning mistakes (and how to avoid them)
Life moves fast, and it’s easy to put estate planning on the back burner. But without careful attention, small oversights can create big problems down the line. A strong estate plan can offer peace of mind, not just for you, but for the people you love most. It’s...
Estate planning after divorce: key steps to secure your future
Divorce marks the end of one chapter and the beginning of another. While it is a relief to have legal proceedings behind you, it is crucial to focus on the future. Updating your estate plan is a significant step in this journey. Here are essential areas to consider....
One alternative to disinheriting someone
As we recently discussed, there are times when you may want to disinherit someone. It is possible to do this by intentionally removing them from your estate plan. It’s best to be direct about your wishes and make sure they are clear. However, you may find yourself...
AI shouldn’t be used to finalize your estate plan
Artificial intelligence has quickly become a valuable tool in many areas of life, including the legal world. For individuals beginning to think about their estate plans, AI can offer a helpful starting point. It can generate ideas, suggest common estate planning...
