If you learn you are the executor of a loved one's will, knowing some basics of what that involves can help you handle this task effectively. Individual situations may vary in complexity, so getting guidance from a qualified attorney is always a good idea.
A second marriage can give you a renewed sense of joy and a fresh outlook on life. With all the positive emotions that come with tying the knot again, you will face certain challenges, including how to manage your estate plan. Learning how to provide financial support for a blended family is a learning process, but it is possible with the right help.
It's to be expected that younger generations haven't set up estate plans as thorough as senior generations. Our awareness of mortality changes with age. Considering that preconception about age, a recent study shows that a surprising amount of Americans lack wills in all demographics.
Estate planning is something many people don't like to think about but requires advance preparation. Establishing a trust provides you with multiple benefits, including comprehensive asset protection. Holding assets for your heirs in a solid legal document is important to protecting your legacy. Learn how establishing a trust can benefit you.