Maybe, like a lot of people, you’ve been putting off getting an estate plan in order because you’re concerned that you’ll need to modify it every time you buy something of value. That’s not the case. You certainly should modify it when you buy (or sell) your home or...
If someone you know named you in their estate plan as the person to handle their affairs when they died, you are the executor of their estate. The courts could also appoint a personal representative of an estate if the testator failed to take that step or if the...
Most of the time, an estate is going to owe debts in one fashion or another. The person who passed away may have done a lot of financial planning and paid off most of their major debts, but there are simply things that cannot be accounted for. For example, if someone...
If you’re a grandparent when you begin your estate planning, you may decide you’d prefer to contribute to your grandchild’s college education while you’re still around rather than through your estate plan. That way, you’re giving them a valuable legacy and relieving...
The importance of choosing a legal guardian for your child in case anything should happen to both you and your spouse is one of the things that spurs a lot of young adults to put an estate plan in place. However, too many people put it off. It’s often a tough decision...
Each state has its own laws governing adults changing their names. The process isn’t very easy unless you’re going through a marriage or divorce. But, it’s something that’s worth it to people who have a negative connotation to their name. If you’re getting married,...
One of the many things people make when estate planning is a will. This legal document will help finalize your passing for your friends and family and may reduce the chance of legal battles and disputes. Your will may help dictate your desires after death. Several...
Many business owners have to take on debt. This can represent a fairly big risk. They must know that they’re going to get a proper ROI (return on investment) from this debt, and they need to know that the business will be profitable enough for them to pay back the...
Dealing with a permanent or temporary disability can impact your life physically, emotionally, mentally, and financially. Suppose you are out of work dealing with a disability and having difficulty making ends meet. In that case, the team at Freedman, Thompson, Witt,...
Many people leaving high school or entering college never once consider whether they should have a will. Why should they have a will, after all? It’s not like they have an estate to give away if they die, right? That’s not exactly true. Many people do make wills in...
