In a society that focuses on estate planning for married couples and parents, the importance of this obligation is often overlooked by individuals who are single. This can lead to complications in managing one's assets after they pass away. As reported by CNBC, 67% of...
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Estate Planning
Common estate planning discussion worries with parents
Talking to your parents about estate planning is undoubtedly an important conversation, but it can also be a challenging one. Many individuals encounter common obstacles when broaching this sensitive topic. Avoidance and procrastination One of the primary issues is...
What mistakes should you avoid while planning your estate?
Estate planning is a task that helps individuals distribute their possessions and assets after their death. It ensures that you can take care of your loved ones after your passing and that people uphold your wishes. However, there are several issues that you need to...
Can you amend a will in Nevada?
Creating a will is a vital step in ensuring that your assets and possessions go to the people you want to have them after you pass away. Over time, your circumstances might change, leading to a need to update the details of your will. If you live in Nevada, you might...
What are some helpful traits for your executor to have?
When you sit down to write your will and create an estate plan, you may not initially know who you want as your executor. This choice can affect various parts of your estate, such as who is overseeing the debts and talking with your beneficiaries, so making an...
How can you avoid issues with undue influence?
When you spend a lot of time with your older parents who are creating their will, you may want to protect yourself from accusations of undue influence. This is a term for when beneficiaries or other people think you are pressuring your parents to increase your...
Will you need to update your estate plan after creating it?
Establishing an estate plan is a significant step toward taking care of your loved ones and having your wishes respected after your death. However, creating an estate plan is not a one-time event. Life's unpredictability means circumstances can change over time, and...
Going over the Medicaid Estate Recovery program
When creating or modifying an estate plan, it is crucial to have a clear understanding of your unique circumstances and how they could affect your assets. For example, if you receive certain services from Medicaid, the program could seek repayment following your...
Estate plans: Not just for older individuals
Many people mistakenly believe that estate planning is only necessary for older individuals. However, estate planning plays a crucial role in the lives of individuals at all ages and stages of life, regardless of wealth. An estate plan serves as a roadmap for asset...
Ensure proper care for special needs children in your estate plan
When doing estate planning, it is crucial to consider the long-term care and financial security of your loved ones, especially if you have special needs children. Planning ahead can provide peace of mind and ensure that your children with special needs continue to...
David A. Straus is the author or co-author of many publications.
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