When a loved one passes away, the process of handling their estate can seem daunting. Probate, the legal process of administering the deceased’s estate, often comes with many misconceptions. Understanding these misconceptions can help you navigate the probate process....
Naming beneficiaries is an important part of estate planning. Properly designating beneficiaries ensures that your assets go to the right people after you pass away. However, many people make mistakes when naming beneficiaries, which can lead to complications and...
Initiating conversations about your estate plan with your adult children can benefit you and your family in the long run. Several key benefits come with discussing your estate plan with your children. Understanding these benefits can help you make informed decisions...
Planning for the time after your death could be a source of stress for you. To safeguard your legacy and your peace of mind, it is important to be aware of potential mistakes when crafting a will. As you write down your wishes in your estate plan, following a few...
Caring.com's 2023 Wills and Estate Planning Study revealed that 2 out of 3 people in the U.S. do not have an estate plan. Planning for the future is an important step in ensuring that you can take care of your loved ones when you are no longer here. Creating a will is...
Probate is often seen as a quick process. However, since its purpose is to ensure a fair distribution of assets, it can sometimes become an unexpectedly prolonged affair. Understanding the factors that contribute to the length of probate is important for anyone...
A well-structured estate plan ensures that your assets undergo distribution according to your wishes after you die. In Pennsylvania, a simple estate plan typically includes several key components. Creating a basic estate plan that includes these components helps you...
While organizing your estate and thinking about the person you want to handle your debts and heirlooms in the future, a few options may come to mind. Figuring out who the best of these options are could feel overwhelming. Taking into consideration potential warning...
A living trust, which you may update during your lifetime, could help manage family assets and address financial and caregiving concerns. Individuals with sufficient financial and mental capacity may create a living trust and transfer their assets into it, as...
Many people have charities that they enjoy donating to throughout their lives. It makes sense to want to make one final gift after death, as well. Fortunately, there is a way to do that: through a will. How do you bequeath things to charity? Kiplinger discusses using...
