Estate Planning for Alzheimer’s and Dementia
November is National Alzheimer’s Disease Awareness Month. We understand it is painful for one to think of a future where they might suffer from Alzheimer’s or other forms of dementia. But if you do not make plans for your Estate right away, you are not only putting your assets at risk but also putting your […]
National Adoption Month: Adoption and Estate Planning
November is National Adoption Month and is aimed at raising awareness about adoption and children who need permanent, loving homes. Thousands of children are adopted each year, thus bringing joy to the adoptive family as well as making a child’s future secure. If you are in the process of adopting a child or have recently […]
3 ways in which Adoption impacts Estate Planning
Every year, National Adoption Month is observed in November. For this year’s National Adoption Month, we discuss 3 ways in which Adoption Impacts Estate Planning. Before we jump to the topic under discussion, let us first learn what a ‘blended’ family means. A Blended Family or a Step Family or a Complex Family is one […]
4 Important facts about Adoption and Estate Planning
Adoption and Estate Planning: November is National Adoption Month. In this post, you will learn how Adoption affects your Estate Plan. By now, you must be knowing that any life event calls for a change in your Estate Plan. Adoption is one such life event that needs updating your Estate Planning. Around 135,000 children are […]
What is a Digital Will?
A Will is no longer a legal document to pass your worldly possessions. Digital Wills are wills that determine the fate of a person’s Digital Assets once they die. In the digital age, making arrangements for what must happen to an individual’s Digital Assets is as important as making arrangements for their physical and tangible […]
Why your Executor might need access to your Digital Assets
After you die, the Executor of your Estate might need access to your Digital Assets. In most states, Executors and Legal Authorities cannot access your Digital Assets unless you have made specific arrangements for them to access it. You can leave instructions as to who must handle your Digital Assets and what must happen to […]
Trustee vs. Executor: What’s the Difference?
Trustees and executors are both fiduciaries – in charge of someone else’s money. Both of them are responsible for the proper distribution of the estate assets. While in this way they may seem similar, there are various reasons why for the stark difference between a trustee and an executor. Responsibilities of Trustee vs Executor Both […]
What Does an Executor of a Will Do?
Estate planning plays a crucial role in everyone’s life to help protect your loved ones and your assets long after you’re gone. However, this cannot be possible unless you have an executor. And before we know what an executor does, it is important to understand what an executor of a will is. Simply put, an […]
What an Executor Cannot Do
The executor’s purpose is to ensure the distribution of the decedent’s estate assets to the beneficiaries in accordance with the decedent’s wishes and the law. As a rule, the executor is accountable to the estate, the beneficiaries, and the probate court. This ensures that the executor has enough power to settle the estate, but not […]
Irrevocable Beneficiary: Everything you need to know
Estate planning plays an important role in how we plan our lives and look out for our loved ones even after we’re gone. The purpose of creating an estate plan is to ensure that those we care about – our beneficiaries – continue to the receive the benefits from the estate that we have built […]
