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Assume that, after long and careful consideration, you have implemented an estate plan that you consider ideal for your and your family’s needs. It disposes of your assets according to your wishes in a manner that you think...

Everyone should update their estate plans at various points in their lives, such as when they get married or divorced or when their financial situation changes substantially. One of the most important times to update your...

When thinking about making an estate plan, financial and physical assets often come to mind first — bank accounts, life insurance policies, real estate, cars, personal effects, etc. Increasingly, however, more and more of...

Divorce is one of the most stressful ordeals an average person can experience, and not only due to the emotional toll it takes. It is well-known that divorce can also wreak havoc on the former spouses’ finances, with...

When you die and you have a will, the executor of your estate named in the will oversees the probate administration of your estate. They step into your shoes and are responsible for making an inventory of the estate; paying...

As the protagonist of a 1986 teen comedy film once said, “Life moves pretty fast.” This observation is particularly relevant in the estate planning context, as life’s ups and downs can cause established estate plans to...

Many people think (incorrectly) that estate planning and crisis planning only concern end-of-life decisions and what happens to your possessions when you die. In reality, they encompass much more than that. There are several...

Making gifts to one’s heirs is typically fairly straightforward. The grantor decides which of his or her heirs to make provisions for, figures out how much they should receive, and names said heirs in his or her estate...

Probate law and estate planning are complex concepts. While many people may think they understand how estate planning works, it is far more nuanced than most realize. Estate planning — similar to life insurance — is one...

Life can change quickly. Changes such as marriages and births can result in estate plans becoming outdated and failing to take into account the presence (or absence) of certain heirs, including spouses and children. So what...