Posts by pwsadmin
Why Reviewing Your Estate Plan Should Be at the Top of Your To-Do List
Creating and maintaining an estate plan is an essential step in ensuring your assets are protected and your wishes are carried out after your passing. However, simply creating an estate plan is not enough. Life changes, laws change, and your financial situation may change. That is why it is crucial to regularly review and update…
Read MoreTime to Renew Your Estate Plan?
An estate plan is crucial for managing it until distribution and protecting against fraud. However, simply creating an estate plan is not enough – it requires periodic review and updates to ensure it remains current and effective. Why Should You Review Your Estate Plan? All sections of your estate plan should be reviewed periodically to…
Read MoreResolving Disputes with Estate Mediation
When a loved one passes away, the family left behind often goes through a challenging and emotional time. In such situations, mediation can play a crucial role in helping the family navigate through their grief and make important decisions together. Mediation plays a vital role in ensuring that the family of the deceased can navigate through the complex processes of trust administration and estate planning with ease and peace of mind. When it comes to the delicate matter of handling the affairs of a deceased loved one, having a knowledgeable and trustworthy mediator is crucial.
Read MoreTips and Steps for Navigating through Probate
Understanding and successfully navigating through the complex labyrinth of probate processes can be a daunting task. This blog post aims to shed light on this intricate legal process and offers handy tips to handle it smoothly. Whether you’re an executor or a beneficiary, you can learn the integral steps of probate, common issues that can arise, and how to tackle them efficiently. We’ll provide you with smart strategies to help with a smoother process, which can minimize stress and potential errors during this critical period. So, if you’re on the brink of embarking on the probate journey, stick around for some guidance and reassurance.
Read MoreEstate Planning for 18-Year-Olds or Young Adults
Most young adults feel they don’t need an estate plan because they may not have a lot of money. Guess what? Moving out of your family home, getting married, having a child, going off to college, and getting a bank account, a car, or jewelry, are all examples of why you need an estate plan that would allocate your assets to the person/s you choose, and also choose the person you want to make decisions on your behalf.
Read MoreEstate Planning and Elderly Parents
Yes, it is difficult to think of the death of a parent. Many people therefore avoid “the estate planning talk” with their elderly parents. As parents age, the chances increase of their adult children winding up in a difficult position when it comes to handling their healthcare and financial exigencies.
Read More3 Estate Planning Strategies to Support Family Harmony
Conceptually, people may think estate planning is exclusively about money. But money is just scratching the surface of estate planning concerns. There are considerable factors involved in estate planning, that do not include a representation of your bank account. Estate planning represents your life, your legacy, and your intentions. Your estate planning decisions could have…
Read MoreHealth Care Decision Makers and Surrogates
If you don’t Designate your Health Care Agent, it May be Decided for you. If you are unable to make your own healthcare decisions due to being incapacitated, healthcare providers will turn to surrogate decision-makers to discuss end-of-life issues. A proper surrogate must be identified as the decision maker for healthcare providers to turn to.…
Read MoreNew Year, Don’t Put Off Your Estate Plan
Can you believe it’s almost another new year? For some, the New Year can bring joy and happiness; for others, a reminder of unmet goals and regret. Right now, we’re in a season of change, a time for transition, as “time waits for no man”. Don’t Put Off Starting or Updating Your Estate Plan! Starting…
Read MoreWhy Do Most People Not Have an Estate Plan?
Some just don’t see a need to have an estate plan because they anticipate good health, while others do not view their assets to be anything worthy of an estate plan. EVERYONE should have an estate plan, but only a few people actually have one. The ones that do have an estate plan often fail to update outdated estate planning documents.
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