When it comes to important legal documents, your will is perhaps the most necessary of them all. A will protects you and the people you love in a number of ways. Not having one can threaten your estate and lead to conflict.
If you're making a will, you may believe that it can cover everything you want to do when you pass away. The reality is that there are some things you should not include in your will, because it won't govern your property or wishes accurately.
Knowing the difference between a will and trust is important to protecting the people you love. While a will dictates what you'd like to see happen after your death, a trust does more to protect your assets and specific requirements you want people to fulfill.
The Memorial Day weekend is just over a week away. It is widely recognized as the beginning of summer and families traditionally get together to celebrate. If there’s one thing about family gatherings, a lesson will be learned or secret will be revealed that may change the family. Despite the drama that can come out when family gets together, it is a unique opportunity to find out how to pass on wealth and legacies.
It is never fun to sit down and think about the fact one day you will pass away. However, that is precisely what you need to do when you create a will. Unfortunately, many Americans forego a will because they either forget to do so or do not want to have difficult conversations. Reports suggest less than half of American adults actually have some kind of will.