There are many options when creating an estate plan and no one-size-fits-all solution. While that may complicate the process, it allows individuals to tailor their estate plans to meet their unique circumstances.
Creating a will is one of the most important things you can do in life. You don't want to go through life, especially if you reach various milestones, without the legal protection of a will. Furthermore, a will should be updated when you get a job, get married, have children, have grandchildren, get divorced, when other important elements of your family change and when someone close to you in life dies.
If you find yourself moving into your second marriage, you'll need to answer a variety of questions regarding your finances and future.
Ever since you started your family business, you have been hoping to turn it over to your kids. It's your legacy, something you can leave to them that you believe can change their lives.
Are you putting off your estate-planning efforts in the hope that one of your beneficiaries will develop some financial restraint or learn how to manage his or her fiscal affairs? There is a possible solution that will allow you to quit delaying your estate planning and start the ball rolling.