If you find yourself moving into your second marriage, you'll need to answer a variety of questions regarding your finances and future.
Many young adults don't realize that they need an estate plan to govern what happens if they can't make decisions for themselves or if they become incapacitated. Unfortunately, this oversight can have a negative impact on the people who are close to that young adult. We understand that starting out a life on your own and trying to build up that life can be complicated, but you should take the time to evaluate your goals and set your estate plan accordingly.
There may come a point when you realize that your parents don't have the right type of estate plan in place. While you feel compelled to ask them about this, you also worry that you'll come across as greedy.
While most people realize that estate planning is a must, they don't want to put too much time and energy into the process. Instead, they hope to create an estate plan and move on with their life as quickly as possible.
The widow of actor Alan Thicke has responded to a legal petition filed by her stepsons. She says her stepsons are trying to prevent her from receiving her rightful inheritance while they spend their father's trust money.
Stepparents and inheritance are a common concern among children. Imagine a situation in which a father remarries to a woman who has children from a previous marriage. The father passes away and the stepmother inherits all of the estate outright. Will the children of the father have the right to receive a portion of the estate after their stepmother passes away?
Everyone goes through many periods of transition in their lives. In fact, you might feel like an entirely different person compared to who you were three years ago. That feeling could be the result of a death in the family, a marriage, a new child, a new grandchild or any other number of reasons.
Without detailed knowledge of California estate planning laws and strategies, those who are planning their family's estates could run into serious problems -- problems that are so severe that they could ruin their estate plans completely. Here are a few things people forget when planning their estates that could destroy their estate plans:
Women and men are equal under the law, but there are some unavoidable characteristics that make them very different from one another. From an estate planning perspective, the most important difference is the fact that women tend to live almost five years longer than men. As such, women often die after their husbands have passed.
With the rise of Bitcoin's value, more and more people are taking the cryptocurrency seriously as a method for storing wealth. Some analysts believe that a single Bitcoin will be worth $1 million in the not-to-distant future, while others believe that the coins will be worth no more than $0 dollars in a matter of years. Regardless of your opinion, if you own Bitcoin, you will want to make sure you create a strategy for transferring your crypto coins to heirs in your estate plan.