Estate Planning Considerations for Blended Families Blended families present a broad number of complications, and finances are just part of the issue. It can get even trickier when it comes time to make your final end of life plans. You may have children from previous and current marriage as well as stepchildren you wish to …
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The idea of placing a loved one in nursing care is an uncomfortable one for many people, for good reason. First, you’re trusting strangers — medically-qualified healthcare professionals but still strangers — with the day-to-day and long-term care of your beloved mother, father or elderly relative. Second, there are horror stories about nursing homes, like …
Estate planning is a stressful thing. Nobody likes to consider their own mortality, and making end-of-life plans puts it in square focus. However, it’s important for everyone to arrange these plans so that your descendants and assets are cared for, even ensuring that your affairs are kept in order should you become unable to make …
The Pros and Cons of Using a Trust to Protect Your Assets Read More »
You might be surprised how many people don’t make the proper plans for what happens to their property when they pass on. In fact, it’s estimated that 70% of people don’t make any estate plans whatsoever. It doesn’t mean that they aren’t concerned about their family and friends; it just means that they didn’t want …
Who Receives Your Property if You Die Without a Will in Montana? Read More »
In the vast majority of cases, when someone passes away, their spouse becomes the legal heir to their entire estate. There are, however, exceptions to this rule. In some cases, a spouse may even have to fight to get the property to which they should rightly be entitled. There are a number of probate laws …
3 Hidden Risks of Joint Tenancy to Avoid Probate Joint tenancy, also called joint tenants with rights of survivorship or JTWROS, is a means by which couples and business partners often try to avoid probate court when one of the two die. It offers equal rights to all assets without the need to go through …
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Estate Planning 101 for Singles Most of the time when people think about estate planning, they think about the exceptionally wealthy, or about married couples or those with defined heirs like children. However, estate planning can be very important to single people as well, and the approach singles take to end-of-life planning have to be …
Why Millennials Shouldn’t Skip Estate Planning Millennials are running the world right now. They’re at that age where they’re climbing the corporate ladder, making plans for long-term career accomplishments, bucket lists of things to do and experiences to have. They’re looking at starting families, settling down, traveling, grabbing life by the horns and holding on …
Ways to Protect Your Child’s Inheritance in a Divorce Divorce is a rough thing for any family to face. When it comes to inheritance, it’s important to understand that these aren’t treated like other property. The key is whether marital property has commingled with the inheritance; if this hasn’t happened, inheritance, like pre-marital property, remains …
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Estate Planning Tips: Finding the Right Plan for You Estate planning means preparing for unfortunate and unexpected events. It’s not something people like to consider, that one day they might not be here anymore, and those left behind need to be cared for. It’s much more than that, however; it’s ensuring that your last wishes …
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