Posts by pwsadmin
Estate Planning for Unmarried Couples: Protecting Your Future Together
Estate planning isn’t just for married couples or those with children. In today’s world, more couples are choosing to live together without tying the knot. Whether you’re in a long-term relationship or just starting out, it’s crucial to understand how estate planning can protect both you and your partner. Without proper planning, unmarried couples may…
Read MoreHow Divorce Can Impact Your Trust and Estate Planning
Divorce is a life-changing event that affects many aspects of your financial and personal affairs, including your estate plan. If you have a trust in place, it’s essential to review and update it after a divorce to ensure that your assets are protected and distributed according to your new wishes. Failing to do so could…
Read MoreTips to Minimize Family Feuds Over Personal Property with Your Estate Plan
1. Create a Detailed Inventory Start by compiling a comprehensive list of your personal property. You can include sentimental items such as jewelry, heirlooms, family photos, and valuable assets like art collections or antiques. This inventory may serve as the foundation for a clear and equitable distribution plan. 2. Communicate Your Wishes Don’t leave your…
Read MoreEnsuring Your Medical Wishes Are Respected: The Importance of an Advance Health Care Directive
Life is unpredictable, and ensuring that your medical preferences are honored in times of crisis is vital. An Advance Health Care Directive, also known as a Medical Power of Attorney, empowers you to designate a trusted individual to make healthcare decisions on your behalf if you cannot communicate. Here’s why it’s essential and how to…
Read MoreSettling a Loved One’s Estate: A Comprehensive Guide
Losing a loved one is an emotional and challenging time, often compounded by the responsibility of managing the estate. Settling an estate involves navigating legal, financial, and administrative tasks to ensure the deceased’s assets are distributed according to their wishes. At Cannon Legal Firm, we understand how overwhelming this process can be and aim to…
Read MoreThe Purpose of Creating an Estate Plan
An estate plan is more than just a set of legal documents—it’s a roadmap for protecting your loved ones, your assets, and your wishes. By outlining how your property is distributed, who will care for minor children, and how health care or financial decisions should be made if you’re unable, an estate plan offers clarity and peace of mind. Whether you’re aiming to avoid probate, reduce taxes, or ensure your legacy is preserved, creating an estate plan is an essential step in securing your future and that of your family.
Read More3 Key Estate Planning Considerations for 2025
As we approach 2025, estate planning continues to evolve in response to changing laws, financial landscapes, and societal trends. Whether you’re just starting to create an estate plan or looking to update your existing documents, here are three key considerations to keep in mind this year. 1. Changes to Estate Tax Exemptions In 2025, the…
Read MoreSettling a Loved One’s Estate: What You Need to Know
Losing a loved one is an emotional experience, and the responsibility of settling their estate can feel overwhelming. This guide breaks down the key steps involved that can help you navigate the process with clarity and confidence. Step 1: Locate the Estate Planning Documents The first step is to locate essential documents such as the…
Read MoreTop Questions People Ask About Estate Planning
Estate planning can feel overwhelming, and many people have similar concerns when starting the process. To help, we’re addressing the top two questions people commonly ask about estate planning. 1. Do I Really Need a Trust? Trusts are often misunderstood. While not everyone needs one, trusts can be a powerful estate planning tool. A trust…
Read MoreUnderstanding the Probate Process: From Start to Finish
The probate process is often viewed as complex and daunting, but with the right guidance, it can be navigated smoothly. At Cannon Legal Firm, we specialize in helping families through probate with expertise and compassion. Below is a step-by-step guide to understanding the probate process, ensuring you’re prepared for what’s ahead. What Is Probate? Probate…
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