There are many different life circumstances that might prompt you to update an existing will. Making changes to your will is relatively simple so long as you understand the legal impacts of updating your document. A few different kinds of wills are legal
A generic power of attorney document, such as those provided by online forms that are easily downloaded and filled out, may not contain the necessary limitations that you intended. This means that by default, your power of attorney agent may have broad po
Many people avoid bringing up the subject of estate planning or even money with their children but significant wealth will be transferred to generation X in the coming years. It is anticipated that over $68 trillion will change hands within the next few d
There's certainly a clear path going forward for your estate planning documents after a divorce is finalized. After all, many of the key questions about who owns or will take what out of the divorce will have been answered. But there's also a good chance
A trust is an estate planning tool that comes in many different varieties, all designed to help you accomplish various aspects of your estate plan. A trust needs to have a few crucial elements in order to accomplish these goals and to help you with the ma
Inflation can have significant impacts on your ability to save for your own future. Although Americans are generally worried about the rising costs of retirement, some studies show that they are not taking as much action to address them. In fact, a recent
In order for a revocable living trust to accomplish its goals appropriately, the trust maker has to do more than create the document and sign the agreement. The settlor then needs to take an additional step after identifying the property that will be plac
There is a clear and direct value to your beneficiaries for creating an estate plan that makes it easy for them to receive the assets you want and decreases the probability that they'll spend a long and costly amount of time inside probate. However, th
It can be helpful to think of estate planning documents as tools in your toolbox. Each one of them can become essential in the event that you need it. But when it comes to creating the cornerstone of your estate plan, a will is often front and center but
There are many things to think about when creating an elder law plan. At the top of the list is how you might pay for long term care. This can involve staying in a nursing home or even getting care at home to support your needs. A nursing home is a fac
