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Posts tagged "Estate Planning"

Can loved ones challenge the executor of an estate?

Naming the executor of an estate, or personal representative, is not a decision people should make lightly. This role comes with considerable responsibility and legal obligations, and it is not unusual for this person to be at odds with the other people affected by an estate plan.

Three questions to ask before choosing a personal representative

Many people understand the importance of having a comprehensive estate plan to address vital aspects of their lives. Individuals often realize that they need to create, for instance, a will or power of attorney to ensure their wishes are carried out when the time comes.

Think you don't need an estate plan? Think again

Creating an estate plan is probably not something you think about on a regular basis, especially if you are young and still building your wealth, your family and your future. However, before you dismiss the option to create an estate plan or put the process off again, you might want to reconsider.

Don't leave room for interpretation in your estate plan

Many people have strong views on the type of care they want or don't want to receive if get very sick. You can preserve your decisions with a living will which informs medical professionals of your wishes in the event that you cannot express them yourself.

4 events that should trigger a review of your estate plan

Creating an estate plan is a wise decision and critical step in protecting your wishes, your family and your property. However, it is only one part of the process; you must also review these documents regularly to ensure they remain accurate and valid.

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