Amid the paperwork, legal negotiations and emotional strain of divorce, one crucial area often overlooked is estate planning. If you’re approaching divorce or have already decided to separate, it’s natural to wonder: Should you begin updating your estate plan right...
If you have a significant life insurance policy, it may be one of the biggest assets that you’re going to leave to the next generation of your family. You specifically took out that policy to ensure that they would be cared for and provided for after you’re gone. But,...
If you pass away, your assets may need to go through probate. This can be something of a time-consuming process, and there could be complications, such as challenges from beneficiaries or family members. They may get into a dispute, and these disputes need to be...
Personal resources are often the main focus when someone dies and when people draft their estate plans. Whether an individual dies prematurely due to a tragic situation or passes of natural causes at an advanced age, the people left behind when they die have many...
When making an estate plan, you need to consider all of your assets. Some of these assets may be digital. There are ways to incorporate a digital estate plan to ensure that you pass assets—or access to them—on to the correct individuals. This is especially important...
There is sometimes a lot of secrecy about a person’s estate plan. Yet, things would be much simpler if everyone shared a few choice details about their estate plan with select individuals. Here are some of the people you should talk to about your plan: Those you want...
Guardianships are important in protecting people who cannot make decisions for themselves. In Alabama, several types of guardianships may apply depending on the situation. If you are planning your estate, it is important to carefully assess all of your options. Below...
An executor ensures the wishes of a testator (the person who drafts a will) are fulfilled - they manage and settle the estate. Thus, they play a critical role. You need to choose the right person to administer your estate so it can benefit your beneficiaries. Here...
Getting an estate plan together is an important task for all adults, but it’s one that might be more involved than some people realize. Many individuals know that the estate plan should outline who should receive what assets when the creator passes away. Many don’t...
During estate planning, the focus is often on physical assets. People want to ensure that the appropriate people inherit the assets that have the most financial value or emotional significance. However, testators (those making the will) also need to consider their...
