What’s the Best Way to Organize Your Estate Plan?
March 3, 2023
Does somebody else know where it is in the event of your death or incapacity?
Johnson Law Firm
Does somebody else know where it is in the event of your death or incapacity?
When the rapper Coolio died in September, he joined a group of notables that includes Prince, Howard Hughes and Pablo Picasso—all of whom died without specifying who should inherit their money and estate.
A frequent complaint by next-generation members is that the senior generation never fully lets go of business tasks.
Many older adults enjoy giving money during their lifetime to family members or donations to a religious or charitable organizations.
If you’re set to inherit, you may be wondering what estate expenses are paid by the beneficiary. The answer can depend on what assets are passed on to you when a family member or loved one passes away.
When a person uses a will to leave property to their family, friends or the causes they support, the act is known as a bequest. A bequest can be the cash, investments, jewelry or other items that a person passes to beneficiaries when they die.
Locking away certain valuables and important documents in a bank vault could turn into a headache for you or your heirs.
Creating a will should be the first step in a comprehensive estate planning process, since it allows you to make sure that your wishes are properly carried out after your death.
Heirs receiving an inheritance can expect the process to take time. Having a plan for the money and consulting with professionals are also things to keep in mind.
If I have a current will that is about seven to 10 years old, do I have to write up a new will or can I edit the current will?
