What is a Simple Will?
The low percentage of adults in the US who have a Will in place is one of the most startling statistics of recent years. Sadly, and surprisingly, the ratio still stands at 30% with a Will and 70% without one. Most believe they do not have enough possessions to pass down and are not worth […]
The Best Definition of Estate Planning & Basics
Setting up a living trust secures your estate with a safety net from the intrusion of third parties such as creditors. This blog explains the significance of trust.
How to set up a Trust for a child?
Setting up a living trust secures your estate with a safety net from the intrusion of third parties such as creditors. This blog explains the significance of trust.
Estate Planning: Preparing for End of Life
‘Healthy Aging’ is the new buzzword. WHO defines ‘healthy aging’ as maintaining functional ability and enabling well-being in older age. The United Nations Decade of Healthy Ageing (2021-2030), a global initiative, for the last ten years of sustainable development goals for improving the lives of older people, their families, and the community. The above events […]
Top 10 Estate Planning Books You Must Read
Including an estate plan in your overall financial strategy is an essential requirement. Planning for your estate is crucial because it prevents your loved ones from dealing with any unwanted legal or financial issues and guarantees that your assets will be allocated how you intend. If you need more experience or information in this area, […]
Everything You Need To Know About Non-Probate Transfer
Most US citizens find the probate transfer time-consuming, costly, and emotionally taxing. So, what is a probate proceeding? When a person dies, their estate must go through the probate system for distribution amongst the living beneficiaries. Using non-probate transfer is one easy technique to evade the probate process. This approach also keeps the assets’ distribution […]
How Much Time Do You Have To File A Will In Probate?
Along with memories, assets are an integral part of a person’s legacy. Some assets have economic significance, while others, like houses or property, might have emotional relevance. So, as loved ones, we must safeguard their assets. Time is a valuable asset. Probate is a crucial judiciary procedure through which assets have to pass on. Moreover, […]
What Happens To A Bank Account When Someone Dies?
According to a survey report by FDIC, almost 124.2 million households (81 percent) have at least one household member with a bank account. While these numbers are staggering, how familiar are we with what happens to bank accounts when someone dies? There is an old saying– “We come with nothing, and we will take nothing […]
Assign An Executor Or Memorialize Your Online Account
Statistics Source : (https://datareportal.com/reports/digital-2020-global-digital-overview) Here are some mind-boggling statistics about Social media use—There are roughly 3.5 billion active users on social media, and 6.4 new accounts are registered every second. Typically a user has 7.6 social media accounts. Every day, they use social media for about 144 minutes and spend almost 7 hours online. In […]
How To Manage Your Digital Legacy?
The high tides of the digital revolution have changed ways of living. We produce, circulate, and store confidential information on internet based platforms. In this process, we leave behind a digital legacy when we pass away. However, in the 2017 Digital Death Survey by the Digital Legacy Association, 83% of participants stated that they had […]
