What Power Does an Executor Have?
January 23, 2022
If a loved one asks you to be the executor of their estate, think carefully before you take on this responsibility.
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If a loved one asks you to be the executor of their estate, think carefully before you take on this responsibility.
A will allows you to distribute your worldly goods, select a guardian for minor children and name an executor to carry out your wishes.
Good estate planning must consider more than what you want to happen to your property and for your beneficiaries. It also must consider what you intentionally want to avoid happening.
Creating a list of digital accounts and instructions on how to gain access to them is now akin to having a traditional will or a trust in estate planning.
Several types of special income trusts and other strategies can be helpful, when trying to protect your family’s assets from the devastating costs of long-term care.
Whether you own a cabin in the woods or a mansion at the beach, creating an estate plan will determine the best way to distribute a home to your children.
The costs of long-term care for older adults can be significant. Federal Medicare health insurance benefits do not cover most of these costs. Most people who incur costs for long-term care cover them with a combination of personal savings, long-term care insurance and Medicaid, among other sources.
While estate planning can be emotionally taxing, since you must consider a time after your own passing, it is important to be proactive, both for yourself and for loved ones.
Estate planning is a key piece of a comprehensive retirement plan.
Here are the top five mistakes people make that upend their planning.
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