When you become a parent, you dream of watching your children graduate from high school or get married someday. It can be painful and make you very emotional to think about the possibility that you die before you get to witness your child's major milestones. Although...
Estate Administration
Qualities you want in an executor
Whether you are creating a will or updating this important document that transfers your assets to beneficiaries upon your death, you understand the important decisions involved. One of them is choosing an executor. Who should that person be? It does not have to be...
Considering digital assets in your estate plan
Not long ago, it was unusual for someone to have more than one or two bank accounts. Now that internet banking has become more prevalent, you will likely have several accounts with different intended purposes. There are many assets to consider when you create an...
3 moves to better protect your children in an estate plan
Children are typically the main beneficiaries of a parent's estate plan. Especially when they are still minors, you will want to ensure that they have adequate protection until they reach adulthood if you are not there to care for them. Too many parents fall into the...
5 mistakes made by an executor
The duties of an executor are critical to estate administration. A checklist of tasks includes settling the estate, settling disputes among heirs and paying creditors. There really is no room for mistakes in an estate settlement, which may take more than a year....
Protecting your real estate in your estate plan
If you have built up a real estate portfolio or have a home that you would like to pass on to your beneficiaries, now is the time to look at how you can protect that real estate in your estate plan. One of the better ways to do this is by placing your home into a...