When you're putting your estate plan together, one of the biggest decisions you have to make is who to name as your executor. Since the executor is the person who will be in charge of your estate as it goes through probate, you want the job to go to someone you trust...
Estate Planning
How can family members prove undue influence affected a will?
Older adults often talk openly with their family members about what they plan to do with their property when they die. Those with bigger families and more valuable property frequently want their loved ones to know what to expect from their estates. For example, it is...
2 ways you can incorporate your business into your estate plan
As an entrepreneur, it is natural to be engrossed in your business’s day-to-day operations like processing payrolls, updating the inventory and figuring out how to grow your business. Consequently, it is not uncommon to fail to prepare for life’s eventualities like...
What do you do about a missing heir to an estate?
Family dynamics can be very complicated, and that doesn’t necessarily make estate administration easy on the executor or personal representative – especially when one of the heirs to an estate has been out of touch for a while. One of an executor’s biggest...
Is estate planning just for the elderly?
Did you know that the majority of Americans do not have an estate plan? This comes as a surprise to many people who know that estate planning will be necessary eventually. But it’s also incredibly common, as evidenced by statistics showing that about two-thirds of all...
What happens if an estate plan is out of date?
When did you make your estate plans? It may be so long ago that you’re having a hard time putting a date on it. If it’s been that long, then it may be out-of-date. While an estate plan doesn’t expire, an out-of-date estate plan could cause issues for your executor and...
Can you include your in-home caregiver in your estate plan?
Many Americans are able to stay in their homes as they get farther into their senior years. Those without family nearby often rely on part-time or full-time caregivers to help them with things they can no longer do themselves. If you have a caregiver you rely on and...
What should you consider when choosing a child’s guardian?
The birth of a child is an event that often prompts parents to get their estate plans in order. Usually, they’re concerned about naming someone to step into their shoes if the worst happens. Choosing a legal guardian for your child is an important decision that...
Digital considerations for business succession planning
If you own a business, chances are that you conduct a significant amount of your company’s financial transactions, ordering and advertising online. You probably conduct a significant amount of your business electronically, as well. As a result, it is going to be...
What you should know about executor compensation in California
As you start your estate planning, one of the most important decisions you’ll make is who will be the executor. Sometimes referred to as the personal representative, this is the person who will be in charge of carrying out everything you’ve detailed in your estate...