You may have finished writing down everything that you want your heirs to inherit in your will, but you have not wrapped up your will until you name someone to be your executor. Your executor will have the task of closing out your estate and making sure your heirs...
Should you include your social media accounts in your estate plan?
Almost everyone has social media accounts these days. You may think that after your death, your family can close the account and announce your death to your followers. However, this is not always possible. Forbes explains that if you want someone to handle your...
Why does my estate need to go through probate if I have a will?
The probate process serves a basic but needed purpose. The court authenticates your will and legally transfers ownership of your assets to your intended beneficiaries after you die. Your executor typically presents your will to the probate court upon your death....
Minor children and parental death
One of the most important reasons for parents to create an estate plan when they have minor children is to provide directions on what should happen with the guardianship of their children in the event they die. FindLaw explains that what happens to children when a...
Types of powers of attorney
A power of attorney enables a third party to manage some element of another party's life while they are still living. There are multiple forms of powers of attorney and understanding them is important for anyone creating an estate plan. Some powers of attorney may...
What can you consider when choosing Power of Attorney?
Creating a power of attorney involves a variety of difficult decisions, which may cause you to procrastinate doing so. This is not unusual; Forbes reports that almost half of American seniors do not have any kind of estate planning in place, which may leave their...
