When creating an estate plan, it's important to consider what would happen to you in the event that you become incapacitated.
A guardianship is every bit as important as it sounds. With this legal tool in place, one person has the power to make decisions for another, such as in the event of his or her incapacitation or a disability.
When a person passes on, they often leave a lot behind. While many details may be taken care of in an estate plan, others could slip through the cracks. This is even more so the case in today's day and age, with technology becoming such a big part of everyone's life.
When it comes to estate planning, you need to focus long and hard on guardianship. In short, this allows one person to make decisions for another, such as if he or she is incapacitated or disabled.
When creating an estate plan, you may turn your attention to what will happen to your estate upon your passing. While this is important, you should also consider the many decisions you will make that can impact you while you're living.
When it comes to estate administration, such as through the probate process, there are many things you need to keep in mind.
Just because a person has a great deal of wealth does not mean that they understand how to handle it effectively or protect it in the event that they pass away. In the last couple of years, the deaths of several celebrities with large estates have shed light on just how dearly poor planning can cost one's heirs.
When creating an estate plan, it's only natural to focus your attention on what will happen to your assets upon your death. While it's important to think about your loved ones after you are gone, there are other details that deserve your attention.
Do you have a child with a disability? Are you concerned about what will happen to him or her when you pass on?
The Boston Museum of Fine Art has settled with the estate of the former owners of several rare porcelain figurines. The settlement marks the end of the probate and estate litigation surrounding the figurines, which were reportedly stolen from a Jewish family in Nazi-era Germany. The works were apparently stolen during the era of Nazi persecution, and the rightful owners demanded to be paid for the looted items.