Despite Pandemic, Many Donโt Have an Estate Plan
The Covid-19 has produced a rise in estate planningโฆbut not a large enough one. Most Americans still do not have a last will and testament.
The Covid-19 has produced a rise in estate planningโฆbut not a large enough one. Most Americans still do not have a last will and testament.
Personal property is a unique category of asset. Even in the simplest after-death distribution, personal property can become a hindrance to final distribution. There are a couple of reasons why.
When do you need your estate plan to โgo to workโ for you? While you may think the right answer is โafter I die,โ the actual answer is โif I lose the ability to manage my own affairs.โ
Estate planning is the process of transferring the management of your assets, if and when you are unable to manage them yourself due to disability or death. Whether you have $100 or $100 million you should have an estate plan.
These all-too-common misconceptions can steer your estate plans in the wrong direction right from the start. Hereโs how to overcome them and tips to build the right plan for your family.
The availability of long-term care insurance policies is continuing to decline, even as the need for such care is growing, an interagency task force led by the Treasury Department has said.
Forty-one percent of participants in a new survey said they donโt trust assisted living communities and nursing homes to keep older adults safe amid the coronavirus pandemic.
Build your own medical emergency packet.
The passing of a spouse is a devastating time in a personโs life and one that throws their world into turmoil. While in the midst of grieving, theyโre confronted with a multitude of responsibilities requiring their attention โ not only the immediate tasks of preparing for memorial services and notifying family and friends, but also beginning to tackle the requisite legal notifications and financial changes.
During estate planning, one of the situations that you must plan for is the possible sale of real estate, artwork, and especially operating family businesses. What is sometimes overlooked in planning is what happens after there has been such a sale.
2500 S Power Road
Bldg 14 Suite 132
Mesa, AZ 85209
Copyright ยฉ LifePlan Legal AZ. All rights reserved. Some artwork provided under license agreement.
Privacy Policy | Disclaimer