You won’t exactly know how your assets will be managed and used after you pass away. Your will in your estate plan is a document that outlines your wishes for how your estate should be handled and distributed. Yet, your will could be disputed, your estate could be...
Estate Planning
3 ways to incorporate philanthropic giving into your estate plan
Philanthropy is a great way to ensure that your estate is put to good use after you are gone. By leaving your estate, or part of it, to charity, you will contribute to causes and organizations that are meaningful to you, making a lasting impact on the world. With all...
Why include a letter of intent in your estate plan?
Putting in place a well-thought-out estate plan is crucial to ensuring the proper handling of your estate and affairs after your passing. Including a letter of intent can be a valuable addition to your estate plan. A letter of intent, though not legally binding, can...
3 scenarios when guardianship for your child can come in handy
During the unpredictable journey of parenthood, there may come a time when the consideration of guardianship becomes crucial. When it comes to securing your child's well-being, guardianship is an undeniably important legal arrangement. It helps to ensure that, in your...
4 ways someone could abuse power of attorney
Power of attorney grants someone the authority to make financial and legal decisions on behalf of another individual. This arrangement is important in estate planning. However, it is necessary to be aware of potential risks and abuse that could arise in North...
2 reasons why your aging parents need advanced directives
Advanced directives are legal documents that outline individuals' preferences regarding medical treatments and interventions in the event of incapacitation. These directives can provide a roadmap for healthcare professionals and family members, helping ensure that an...
How to know when to establish guardianship for your aging parents
As the dynamics of family life evolve, the responsibility of caring for aging parents becomes an essential consideration. Determining when to establish guardianship for your aging parents is a decision that requires careful evaluation and understanding. Guardianship...
What you should know about eligible designated beneficiaries
If you’re going to be putting your estate plan in place soon, you obviously care about things like making sure that your assets go to those who need or can benefit from them the most and helping to ensure that your beneficiaries’ inheritances aren’t unnecessarily...
2 types of powers of attorney to consider
A comprehensive estate plan provides a roadmap for your loved ones. While most people think about things that happen after their death, the estate plan also encompasses specific points about what will happen if you become incapacitated. One of the most important...
What should you consider while choosing beneficiaries?
Planning for the future involves more than just financial considerations. It is about ensuring that people pass on your legacy according to your wishes. One aspect of this process is selecting beneficiaries for your assets. This decision demands careful thought and...