Pandemics, inflation, rising interest rates, war in the Ukraine—uncertain times indeed! And yet, in the world of estate planning, almost every change in the zeitgeist offers its own suite of planning opportunities and applicable techniques.
Only you know your capacity and willingness to serve, or the degree of need expressed by the person asking you. However, it should help to know first that if you do decide to accept, there can be help out there and second there are standard procedures and practices you can follow.
What will happen to your assets when you can no longer manage them?
Estate planning is always a difficult subject to deal with, because who wants to arrange things for when they die?
Amid the grief of losing a loved one, families are dealt additional burdens when the person did not leave behind a will or estate plan.
Questions around death planning can feel overwhelming: Cremation or burial or natural organic reduction? What will your family want, and what will it cost? Do you really need to think about all this if you’re young and healthy right now—or can you put off these decisions until you’re older or dealing with a life-threatening illness?
Among those who do not have an estate plan, 63% said that they have considered creating one in the past and 46% said they do not know how to start.
Estate planning should always be customized to each individual creating a plan. This is particularly important when planning for beneficiaries with disabilities.
When it comes to owning property in two different states, you may wonder how to manage these in your estate plans.
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