Month: March 2022
When is a good time to review and update an estate plan?
There are a variety of different times in the estate planer’s life when they should consider reviewing and updating their estate plan. In addition, to regular and routine reviews of their estate plan, estate planners should know when they should consider taking a...
Can your estate plan handle a financially irresponsible child?
Many Americans seem to have an obsession with spending money they do not have. In fact, according to reporting from CNBC, U.S. households accumulated more than $1 trillion in debt in 2021 alone. For you, though, becoming financially stable has involved working hard...
Why are Millennials increasingly establishing estate plans?
Our readers have likely noticed that estate planning has become a much more popular topic over the last few years. In such turbulent times, often a way that we can take back some semblance of control is through an estate plan. After all, we may not be able to avoid...
How does autism in your family affect your estate plan?
Autism seems to be becoming increasingly common nowadays. In fact, according to data from the Centers for Disease Control and Prevention, about one out of every 44 children in the U.S. currently has autism spectrum disorder. In 2000, the number was one in 150. If you...
What is an in terrorem clause in a will?
When you execute a will, your hope is that your final wishes will be carried out in a manner of your choosing. Actions will be taken and assets divided according to your desire, with little to no infighting amongst your beneficiaries. The last thing you want is for...
What is a pet trust and how does one work?
For many people, ensuring their pet will be cared for if something happens for them is important. One way to do that is to consider including a pet trust as part of an estate plan to ensure that the beloved pet will be cared for as the estate planner wishes should...