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Estate Planning Archives

Don't overlook the importance of health care directives

Do you have a document in place directing how you want your health care to be managed if you're unable to speak for yourself? Known as a health care directive or medical power of attorney, this important document helps explain to the powers that be exactly what you do (and don't) want to happen to you -- and who should be in charge of making any decisions on your behalf.

How do I set up a trust for my children?

If you know the basics of estate planning, you will be aware that the sole use of a will is often not the most efficient way to distribute assets at the end of your lifetime. Assets mentioned in a will shall go through the probate process, which is not the most cost and time-efficient way to distribute your wealth.

Your options in business succession planning

If you are starting to think about the future of your business after your lifetime, you will likely be feeling a mixture of emotions. On one hand, planning for the end of your life can be an emotional thing to reflect on. However, at the same time, thinking about your legacy and the hopes and dreams you have for your loved ones can be a very uplifting experience.

Addressing your digital assets as part of your estate plan

One of the purposes of estate plans is to provide the estate planner with peace of mind regarding how all of their affairs will be dealt with at the end of their life. One aspect of a person's life that has become more prevalent in recent years is their social media presence and digital assets.

Don't let your emotions stop you from planning your estate

Taking action to plan your estate can require a great deal of forethought and reflection. It's not easy to think pragmatically about the distant future and make plans accordingly. Additionally, thinking of a time when you are no longer able to make your own decisions can be a tough emotional exercise.