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estate planning Archives

Even young people can start an estate plan to protect themselves

Estate planning is something that you probably don't think about much if you're young and don't yet have a family. Despite this, it's always smart to start planning your estate as soon as you can. You may just be starting out in your career or have purchased a home for the first time; whatever you're doing in life, you want to take steps to protect it with your estate plan.

Utilize trusts when making your estate plan

While it is never pleasant to contemplate one's own mortality, responsible spouses, parents and grandparents want to make things easier for their loved ones when they pass away. That's why most decide to plan their estate distribution and other related matters while they are still able to execute these legal documents.

Americans are falling behind on creating wills: Make yours now

When you think about estate planning, you're probably thinking about it as an individual. After all, your death or injuries will involve you on your own. However, when you plan for your passing or for a severe injury, you may wish to do so with your significant other.

Why you should protect your digital footprint after death

One thing that people need to start accounting for in their estate plans is the protection of their digital accounts and assets. Take, for example, the number of people who have accounts on Facebook, Instagram, Twitter and other social media pages. These accounts can be left open after a person's death, closed or converted into legacy accounts, which can be used to mourn, celebrate and remember a person after they've passed away.

Should my estate plan discuss euthanasia or assisted suicide?

When you are planning for old age and beyond, you'll be making changes to your estate plan. Your estate plan is a group of important legal documents that dictate what you'd like to see happen if you are unable to make decisions for yourself or if you pass away.

Business succession is a key part of the estate planning process

Many individuals draft wills once they accumulate assets or when they marry, get divorced or have kids. Others may simply have a power of attorney drawn up to allow someone else to make health care or financial decisions on their behalf. Few engage in business succession planning, though.

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