Creating an estate plan not only provides security for your loved ones, but it can give you peace of mind as well, especially if your plan includes elements to protect your wishes while you are still alive. When you made your estate plan, you likely anticipated few major changes in your life. However, life often throws curve balls, and now you are facing a divorce.
The types of tools you should use as part of your estate plan depends on the needs and objectives of your individual family. Every estate plan is different, and you can take steps to ensure that your plan meets your needs and helps you take care of your loved ones after you are gone.
Like many families, yours may be watching with sorrow as one member struggles with addiction. The opioid epidemic knows no boundaries, and families from every corner of society have felt the impact of its control on the lives of loved ones. While many deal with feelings of shame and guilt, you may be among those who are also looking for a way to protect the rest of your family from the devastating effects of a sibling's addiction.
Different cancers kill hundreds of thousands of people every year, many here in California. If you've received a terminal cancer diagnosis you may be wondering what you can do to make sure your medical care wishes are respected and honored going forward. After all, what you want and what your family members may want may be very different. At the end of the day, it is your life and your body. You should get the final say.
You may have recently found yourself looking over many of the possessions you have accumulated over the years. Some of them may hold a considerable amount of meaning to you, while others you may simply have obtained out of necessity or passing interest. Nonetheless, you may still have begun wondering what would happen to your assets after your death.
When it comes time to plan for the future of your estate, you probably have several assets and pieces of property to consider. 401(k)s, trusts, bank accounts, family heirlooms, expensive items of jewelry and more. You will also likely develop a plan for how to care for your children and grandchildren after you’re gone.
Due to your sense of independence, you may enjoy doing a variety of activities and completing certain tasks on your own. As a result, you may have a fond place in your heart for do-it-yourself projects. Though many DIY alternatives can help you meet desired goals through less expensive means while also giving you a sense of accomplishment, doing everything yourself may not always work in your best interest.
Almost half of adults in the country now are single. Many are divorced, some never married and others widowed. As society changes, so do living arrangements. According to Bloomberg, the number of adults who live alone hasn't changed much since 1990 - but a shift is coming soon.