Effective estate management enables you to manage your affairs during your lifetime and control the distribution of your wealth after death. An effective estate strategy can spell out your healthcare wishes and ensure that they're carried out – even if you are unable to communicate. It can even designate someone to manage your financial affairs should you be unable to do so.
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The care of special-needs children continues into their adult years, and may survive the passing of their parents.
Living trusts are popular, but their appropriateness will depend upon your individual needs and objectives.
Estate strategies for millennials may sound like less of a concern than retirement, but young adults should prepare now.
A letter of instruction provides additional and more personal information regarding your estate.
Do you have an estate strategy? You should.
Probate can be a completely public process, or it can be managed to include as little information as possible.