Swedish death cleaning, a morbid-sounding practice, is actually quite liberating, both for ourselves and our loved ones.
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How Far in Advance Can I Begin My Estate Planning?
Competent adults can create their estate plans at any time, but you may want to start the process sooner rather than later. You never know when life-changing medical or financial emergencies can happen. A sound estate plan ensures that your wishes are known.
Estate Planning for Expatriates
If you're looking to move overseas, taxation and estate planning issues need to be considered. Escaping Uncle Sam is not as easy as hopping on a plane to a far-flung location. Americans living overseas retain financial obligations to the US government. Expatriates who live and own assets in more than one country need an estate plan that reflects their international life.
Navigating Titles for Co-Owners
Purchasing a property with other people can help a buyer lower their individual costs while building equity. But, going in on a house together can also create trouble spots, including survivorship and inheritance issues.
Testamentary Trusts and Wills
A testamentary trust is created through the decedent's will and comes into existence at death. Assets must still pass through probate before the trust is funded and money is given to beneficiaries.
Collecting on Your Deceased Spouse's Loans
What happens if someone passes away before their debt is paid off? Or, what if someone loans a friend money and that friend dies before the loan is paid off? Can someone else collect on these debts? If your loved one dies and you believe they were owed money at the time of their death, keep the following in mind...
4 Things Your Spouse Should Know Before You Die
Married couples share many aspects of their lives with each other. But when it comes to death, even the closest couples can become tight-lipped. We get it, it's uncomfortable to talk about. But it's important to address these topics to avoid further heartbreak down the road. Seemingly mundane details, such as the locations of passwords and other important documents, should also be addressed.
Estate Planning for Business Executives
Are you a business executive focused on career success? It's time to strategize and safeguard your family's financial future too! Learn about trusts and legacy.
Widows: What to Do When Your Spouse Had a Trust with Disclaimer Provisions
Losing a loved one, especially a spouse, is one of the most difficult things you may face in life. Surely you'll need to take time to grieve, and there are also crucial steps to be taken to wrap up your spouse's estate. If your spouse's will or trust had a disclaimer provision, there are some time-sensitive decisions that you'll need to make
Why Familes Should Avoid Intestacy
While the reasons for not having a will vary, the result is the same for everyone: they don't get to choose who receives their property when they die. Instead, their assets are distributed according to the laws of their state. This process is called intestate succession.