You make a good living and, like any responsible parent, you want to provide for your children’s future. A trust sounds like a good idea. Before you set one up, however, you need to understand the difference between revocable and irrevocable trusts so that you can...
Month: June 2020
What medical wishes should you detail in a health care directive?
An estate plan isn't just about who gets what when you die. It's also about who takes care of you and what medical wishes you have if you are alive but become incapacitated for one reason or another. A comprehensive estate plan should include a health care directive,...
Advance directives get complicated when crossing borders
People travel now more often -- and more easily -- than they ever have in human history. It used to be that most people lived and died with miles of where they were born. Even within American history, traveling across the country was seen as a one-way trip that meant...
If you have homes in two countries, get specialty help with estate planning
You want to start your estate plan, but you know that it might be complex. You’ve lived in the United States for several years, but you also have a home overseas. You need your estate plan to take care of taxation here and there, to make sure your assets are...
Two commonly asked questions about guardianship for your children
When you are a parent who is creating an estate plan, one thing you need to include is a guardian for your child. In the case that you pass away unexpectedly and do not have a spouse or your child’s other parent to rely on, who would you want to take over your child’s...
Who will look after your kids if you and your partner die?
You’ve just booked a trip to Aruba to celebrate your 10th wedding anniversary. It is the first time you and your partner will have been away together without the kids in years. However, what happens if you never return? Chances are you will, but an accident can occur...