Every year, thousands of Americans neglect to create estate plans. There are various different justifications people utilize to avoid estate planning, such as not having enough time and the cost being excessive.
In your trust, you can use a clause to protect your children should you and their other parent pass away before they reach a certain age. You can designate the person(s) you want to care for your children, and more.
Before traveling, make sure your designations are accurate, your documents are in a safe place, and your family knows how to access them. At minimum have a will, power of attorney, guardian for your children.
What if both you and your spouse die in the same tragic accident? While most of us would prefer not to think about these possibilities, it is much easier to plan for them than you realize. Trusts avoid conservatorship; wills don’t. You may want to list different benefi...
Estate planning in the new age of the blended family is challenging and extremely important. Without a solid estate plan, you have no way of knowing what exactly will happen to your assets unless everything is set out in writing.