- Estate Planning355
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Married people in second marriages with prior children often have to balance the future well-being of their spouse with that of their own children.
Inheriting a residential property like a house marks the end of a life and the beginning of deciding what to do with the property and implementing that plan.
While most initial meetings with an estate planning attorney will result in some questions you likely have never considered, there are many ways in which you can prepare for a thoughtful and productive estate planning conference that will result in a better understanding of your goals and more efficient use of time with your attorney.
While legally you may not need all-new estate planning documents if you move to a different state, you should have your documents reviewed by a local attorney in your new home.
Many baby boomers may hesitate to discuss money with their children, but the reality is that a massive amount of wealth will be transferred in the next couple of decades.
Taking out a funeral plan does not only have cost benefits but can also ease some of the emotional distress at an already difficult time.
If you’re in a blended family, you’re already aware of the emotional and financial issues involved in your daily life. However, what about the future?
When you’re planning to divide your estate unequally, explain the reasons to your heirs, and remember: They might be hurt anyway.
While no one is ever ready to lose a loved one, proper planning in advance of a loss may help ensure that finances may be one less concern during such a trying time.