Estate planning gives adults the chance to lay out a plan for what will happen to their assets after they pass away. Some people opt to accomplish this goal through trusts, but others count on their will alone. The problem with using a will to pass down assets is that...
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Estate planning for end-of-life and incapacity care
Many people focus on passing down assets in their estate plan, but that’s not the only thing a comprehensive estate plan does. It should also outline your preferences for your end-of-life care and care in the event that you’re incapacitated due to illness or injury...
Including trusts in your estate plan to achieve specific goals
Trusts are legal arrangements wherein assets are held and managed by a trustee on behalf of the trust's beneficiaries. These allow for customization in the way assets are handled and may be included as part of a comprehensive estate plan. Trusts can be tailored to...
3 common misconceptions about estate planning
Estate planning is a critical aspect of financial management that is often misunderstood and shrouded in myths. For example, a prevailing myth is that once an estate plan is in place, it’s a set-and-forget scenario. However, life is dynamic, and your estate plan...