(c) Can Stock Photo When people die leaving debts, other obligations and property and funds to be distributed to the rightful beneficiaries, the default mechanism for handling those things is called probate. Probate is the process of handling the estate of someone who...
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Estate Planning
Estate Planning and Divorce
(c) Can Stock Photo Anyone who is contemplating a divorce, is in the process of obtaining a divorce, or is recently divorced should think about estate planning. If you are still married, your spouse is considered your heir. So, an untimely death before your divorce is...
What Will Happen to my Children if I Die?
(c) Can Stock Photo Estate planning is something that is very easy to put off. Most of us do it, sometimes for a very long time. Some of us until it is too late. Estate planning is also something that keeps us awake at night with questions like: What will happen to my...
A Word of Warning About Powers of Attorney
(c) Can Stock Photo A Power of Attorney is a document by which one person (the principal) can appoint another person (the agent) to act on the principal’s behalf in regard to financial and property matters (Property Power of Attorney) and health care and personal...
Planning for After the Divorce
(c) Can Stock Photo For many people, going through a divorce seems like an endless tunnel with the light that seems like a long time coming. When the light does come, and the process is over, the last thing a person might want to do is to think about death. You are...
Estate Planning – A Legacy to Smile About
(c) Can Stock Photo The estate planning that you do (or don’t do) will leave a lasting impression upon your loved ones. Will they love you for it? Planning your estate, the extent of your planning, and the thoughtfulness by which you plan your estate is an extension...
Estate Planning for Traditional IRAs
(c) Can Stock Photo Most people today have an IRA, and sometimes more than one. IRA's and 401(k)'s and other qualified plan assets have become more popular, taking the place of more traditional pension plans. Whether an employer makes any contributions, or not, people...
Planning for Loved Ones with Disabilities
(c) Can Stock Photo According to The National Center for Education Statistics, about 35% of children ages 3-21 have some kind of learning disability. About 20% have a speech or language impairment. More significantly, about 9% of this population has autism, 6% have an...
Estate Planning for Singles
(c) Can Stock Photo “These times, they are a changin’” is the famous line by Bob Dylan. It was an anthem for the 1960’s and early 1970’s. It seemed pretty profound to us who lived through those times. Today we deal with more mundane things, like estate planning, and...
What is a Simple Will?
(c) Can Stock Photo An expansion from Do I Need a Will? I have done a series of articles explaining estate planning on a spectrum from simplest and cheapest to more complex and more expensive. Generally, that spectrum flows from planning how assets are owned so that...