Most of use spend our lives working hard to care for our families, which is what an estate plan can help with to ensure surviving loves ones are taken care of after their loved one is gone. This can provide invaluable peace of mind for both the estate planner and their families.
Everyone should ensure they have an estate plan and a valid will is an important part of that. There are a variety of different benefits to having a will and estate planners and potential estate planners should be familiar with what they are.
Knowing when to update an estate plan is almost as important as developing one to begin with. Keeping an estate plan current as life changes can help ensure the estate planner has the peace of mind the estate plan can create that their family and loved ones will be taken care of according to their wishes.
Estate planning is important for everyone which is why estate planners should carefully consider their estate planning options. Estate planning includes a set of legal tools that help estate planners develop a comprehensive estate plan that reflects their wishes and works for them.
As technology continues to evolve and people manage a greater number of their assets and personal lives online, it has become prudent to consider your digital assets and web presence when crafting a Last Will and Testament. Take a moment and think about all of the items that are stored on your computer or online. Chances are that you have pictures, videos, documents (both personal and work related), music and books stored on your computer or tablet. Additionally, you likely have multiple e-mail addresses, social networking accounts, bill payment accounts and shopping accounts such as Amazon or Ebay. Finally, you may even have a personal website, an online investment account or an online business.
On numerous occasions I have been asked "what is probate" and what is the process? Quite simply, probate is a process that helps us to conclude a person's estate after they die. Normally, I'm approached by a child who's last parent has passed. They have no idea what do. They have heard of this mysterious process called "probate" and have no idea where to start.
I have been asked so many times- "Do I really need a will?" The answer is, regardless of your age, yes you do!