The most vital role of estate planning is to determine how to allocate your properties. But what if there is no one to take over your estate? Do you still need to plan your estate or you leave it the way it is? As of 2018, Statista reported that a little less than half of…
The number of non-citizens in the US has quadrupled since 1965. Studies show that non-citizensn in the US reached a record 44 million in 2017. While you might find it pleasing to relocate to the country to look for work or to live, challenges arise once you decide to plan your estate. As a non-citizen,…
It is a well-known fact that 33 percent of people buying houses are first-time homebuyers. So, you have just bought your first house, or this is an addition to the ones that you already have. Well, many people are so excited when they buy a home that they forget one vital element of life –…
College is an exciting time for young adults. It’s one of their first major steps towards adulthood and with it comes adult responsibilities. To make the transition easier, parents should sit down with their college kids and come up with an estate plan. This will ease any parental concerns and let the student live their…
Estate planning is a family activity. Getting the entire family together can be difficult. People have their own lives involving work, school, family activities, and other time-consuming obligations. Family gatherings such as holiday parties and picnics can be the perfect setting for an estate planning discussion to take place. This article has several tips to…
Scenario When martin inherited his parents’ house as stipulated in the will, he faced a lot of resistance from his elder brother and this turned ugly when the brother attempted to auction off the house. That was three years ago, and after several court battles later, the house is still uninhabited. Martin hasn’t been on…
This article is part of a larger series that presents a number of ways a will or estate plan could be challenged. Taking these potential threats under consideration is critical when planning your estate and they are often overlooked until it’s too late. One of the most important steps in one’s life is creating an…
Trusts are fundamentally considered as a commitment between two people where the trustee holds the principal’s estate in the trust’s name, for the latter’s benefit. However, this simple definition has become much more elaborate as the concept has changed over time. However, when you come down to the basics, the whole concept involves a grantor…
For you to avoid postponing your estate planning tasks, it is imperative that you find the right estate planning lawyer to work with you. After you have your financial and family information together, the next important step is to get legal help. Let us look at the top 5 steps to use to get the…
Not every estate plan comes out successfully, some fail even before they start. Poor estate planning leads to high expenses, misunderstandings, despair and cause rifts between the beneficiaries. Without proper directives and preparation, families find themselves embroiled in arguments and indecision that is easy to be avoided with some care and foresight. Many people think…