For Which Debts Will Your Estate Be Responsible?

Tag Archives: estate planning

For Which Debts Will Your Estate Be Responsible?

After you pass away, your estate will still be responsible for settling some of your debts. Here’s a quick overview of what you can expect to happen to some of these common debts and which ones will take priority: Mortgage: Mortgage loans must be paid. In most cases, the beneficiary whom you named to receive […]

How Being Married to a Noncitizen Could Affect Your Estate Planning

If you are married to someone who is not a United States citizen, that could have an effect on some of your estate planning strategies. Noncitizens are allowed to legally inherit property from citizens of the United States, so you don’t have to worry about beneficiary designations. However, there could potentially be some issues with […]

Why Having Children Makes Estate Planning Even More Important

Everyone should make estate planning a priority, but having a will in place becomes especially important when you have children. Here are just a few of the reasons why having children should encourage you to expedite your estate planning: You can (and should) arrange guardians: Your will enables you to choose whom you want to […]

What to Know About Fees for Estate Planning Services

There are a variety of reasons why people tend to put off getting their estate planning done. For some, it’s that they are too uncomfortable considering their own mortality and making decisions about what happens to their belongings after their death. For others, it’s that they do not want (or are not able) to invest […]

Options for Donating to Charity Via Your Estate Plan

If you’re interested in using your estate plan to leave behind money to a charity or cause of your choice, there are several ways you can accomplish this. Here is a quick overview of a few of them. Charitable trusts You can name a charity as a beneficiary of a simple revocable or irrevocable trust. […]

How to Handle Pets in an Estate Plan

If you have pets, you may be wondering how you can account for them in your estate plan to make sure they’re properly taken care of in the event of your death. You cannot leave any property behind to your pets, because pets cannot legally own property. However, there are ways you can use your […]

Estate Planning Tips for Small Business Owners

Small business owners have some additional complications to consider when planning their estates, especially if they wish to ensure a smooth transition in the company upon their passing. Here’s a quick overview of the steps business owners should take to set their company up for success after their death. Start with the basics: Begin with […]

Some of the Most Common Estate Planning Misconceptions

Most people try to avoid thinking about their own mortality, which is why there are so many people who put off estate planning as long as possible. Because there are so many people who actively avoid thinking about getting their affairs in order, there are a number of misconceptions that exist about estate planning. Here […]

Rules About Scattering Ashes in Florida

As part of your estate plan, you may choose to leave instructions as to how and where you wish your ashes to be scattered. In Florida, unlike some other states, there are not any state laws that restrict where you can scatter or keep ashes. Of course, you should still make sure you use common […]

Factors to Consider When Choosing a Life Insurance Policy

A life insurance policy can be a very valuable asset in your estate. Therefore, it’s important to carefully consider the kind of policy you want and the amount of life insurance benefits you wish to purchase. Here are just a few examples of some of the factors that should play a role in your decision […]