Yearly Archives: 2022
What are incentive trusts, and do you need one?
Incentive trusts are a trust with conditions. You can use them to incentivize a potential beneficiary to act in a certain way. You can set out particular rules when you create the trust. Then, once you die, it falls to the person…
2 considerations when choosing a power of attorney
Thinking about what should happen to your estate after you pass away can feel morbid and is a task no one wants to undertake. A better way of thinking is that good estate planning is all about being prepared for…
How do you ask your parents about their estate plan?
Many adult children feel a bit uncomfortable asking their parents about their estate plans. For one thing, it deals with money, and some people are just never comfortable talking about financial issues. For another, these adult children may feel like…
Is there anything you shouldn’t address in your will?
Your will allows you to distribute your assets in whatever way you choose. You get to decide how to split your property between your loved ones and can even choose not to include some family members. Even with the power…
What should you look for in a guardian?
If you’re a young parent or if you have a child with special needs, part of your estate plan likely includes setting up guardianship. It may never be used, but you want to know that there’s a guardian in place…
At 18, at least consider future medical decisions
When you turn 18, you are legally allowed to make an estate plan. You’re an adult in the eyes of the law and you can begin putting that plan in place. However, if you ask most 18-year-olds if they have…
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