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Posts tagged "Estate Planning"

Estate plans can make life much easier for your family

When you pass away without an estate plan, your family might have to deal with some very difficult situations. One of these is that your assets might not go where you want them to go. Your loved ones might not be able to have the support that they were counting on from you and that you wanted them to have.

Identify the best ways that you can make your wishes known

Responsible adults often want to do everything they can to ensure that their assets are protected. This might include obtaining insurance, using a financial planner or placing assets in secure places. What you might not realize is that you can also ensure that your assets are properly handled after your death by creating an estate plan.

Young adults need to think about the future

When you turn 18, there are a lot of things that you have to think about. While you might be focused on having fun and enjoying some new found freedoms, you need to make sure that you are being responsible. There are several things that you have to think about here.

Know the points you need to include in your estate plan

Estate planning is an important thing that you can do to make things a little easier on your loved ones after you pass away. As you create your estate plan, think carefully about your goals and what you think your loved ones will need to get everything taken care of.

Make plans if you want to donate your body to science

Some individuals want to help other people when they die. One way to do this is by donating your organs. This isn't always possible, so some people choose to donate their body to science. There are several things to consider if you are thinking of doing this.

Looking beyond wills and trusts in an estate plan

Planning your estate doesn't have to be something that is difficult. Of course, the thought of dying isn't one that is pleasant, but knowing that you did what you needed to ensure that your loved ones know what to do when you are gone can easily overshadow the unpleasantness of those thoughts.

Reasons for conservatorships that don't involve minor children

When working to set up your estate plans, you should consider the future needs of anyone who is currently dependent on you. Your minor children will need to be cared and provided for should something happen to you before they reach adulthood, making it important to speak to an estate planning professional about guardianships. It's not just minor children who may require assistance, though, and here are two times when you might consider a conservatorship for adults.

Can you make arrangements for your pet in your estate?

While not every state has laws that support providing for your pet within your estate, California does allow such action. In California, you can create a trust to ensure that your pets are cared for after you are gone. Here's some basic information about how such a trust might work.

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