Estate planning is a term commonly associated with wealthy people who have a lot of personal assets. However, having a strategy of your own is an important investment regardless of your status. Examining the benefits of an estate plan may give you the incentive to...
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Estate Planning
Is it time to review your plan?
Creating an estate plan is an important first step, but many people forget that it is only a first step. After all, the point of an estate plan is to accurately reflect a person's life at the time of their death. To ensure that an estate plan is as updated as...
How do you update a will?
If you write a will when you are in your 20s, chances are that it will no longer be accurate decades later. Fortunately, wills are documents to which you can make changes whenever you need to. Nevertheless, it is necessary to make it clear which version of your will...
What should you look for when choosing an executor?
Developing a valid and legally binding will is the first step to protecting your loved ones and your assets after you are gone. Choosing the right executor is equally important, as this person will carry out all the duties associated with your will. Being an executor...
When you should start planning your estate
There are many who may consider making plans for their estate and its future, yet they end up choosing not to do anything about it because they feel daunted by the task. While this is understandable, not taking action when it comes to your estate can have drawbacks....
Consider how you intend to pay for a funeral in advance
Just as with trusts designed to preserve your wealth and property to pass on to your loved ones, there are a lot of options when it comes to paying for your own funeral. While it might be easy to pass that particular expense onto your living loved ones—after all, you...
What are dower and curtesy?
Each state has unique laws that apply when it comes to married people’s rights to their spouse’s property. One such law is known as dower and curtesy. Arkansas is one of the only states to recognize this concept. The Legal Information Institute defines dower and...
When should you update your estate plans?
Taking care of your family is your top priority. Creating an estate plan is an important part of providing for their future, but if you do not regularly review your plan, you could leave your loved ones unprepared for your death. It can be difficult to know when to...