Estate planning attorneys recommend Revocable Trusts over Simple Wills. Trusts are more efficient ways to provide for your own benefit (1) in case you become incapacitated, (2) to transfer assets upon ...

A divorce will not automatically change estate planning. The keys to making these changes are ensuring an ex-spouse cannot ...

Estate planning is not only about taking care of ... We concluded that all were inadequate unless a very simple plan was required, such as one that leaves everything to a spouse, with no other ...

For example, it can cover medical decisions or financial decisions, or both. Estate planning is putting your affairs in order so that your loved ones are taken care of if you die or are incapacitated.

It’s as if the deed whispers, “Why complicate life with taxes and courtrooms when you can keep it all in the family with a ...

Learn how to write a will without a lawyer and ensure your assets are distributed as you wish.

One of the largest financial planning misconceptions people hold ... The procedure can extend from a couple of months for a simple estate, to a couple of years for a more complex estate.

However, your wishes may not hold up legally.“If you really want to make sure that your assets are going to the right place, ...

However, just because someone has the means to make a large gift doesn’t necessarily mean that it’s the right move: “Estate planning oneself into poverty” can be a real risk. Sometimes ...

The point here is to highlight the fact that having a simple financial situation does not mean that you don’t need to have an estate plan at all. There are basic estate-planning considerations ...

CFP, CIMA®, CPWA®, CIMC®, RMA®, and AEP® CE Credits have been applied for and are pending approval.

Opinions expressed by Forbes Contributors are their own. I write about charitable giving and estate planning ideas. Here is a simple definition of “descendant” from a trust document ...