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What Bruce Willis Can Teach Us About Incapacity Planning

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When Bruce Willis announced his retirement from acting due to his diagnosis of aphasia, it surprised not only Hollywood, but also people across the country. Just a few weeks ago, Bruce’s family indicated that the disease had progressed to frontotemporal dementia, which highlights the importance of incapacity planning. While estate planning typically focuses on planning for what happens after death, a comprehensive estate plan should include provisions regarding what happens during life should … [Read more...] about What Bruce Willis Can Teach Us About Incapacity Planning

Why It Is So Important to Update Your Estate Plan When You Divorce

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Having a comprehensive estate plan in place is essential for all adults over the age of 18, regardless of the value of your estate. If you have an estate plan in place, you are ahead of the majority of Americans. But don’t stop there! Updating your estate plan when certain life events occur is just as important as creating the plan in the first place. For instance, if you go through a divorce, you need to take the time to update your estate plan, particularly your beneficiary designations. A … [Read more...] about Why It Is So Important to Update Your Estate Plan When You Divorce

Real Estate and Estate Planning

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It's important to properly plan for the distribution of your assets in the event of death or incapacity. Real estate is often the most significant asset for many individuals and families. Proper estate planning for real estate can help ensure that your property is distributed according to your wishes and that your loved ones are protected. Here are a few tips on how to effectively incorporate real estate into your estate plan: Create a comprehensive estate plan that takes into account all of … [Read more...] about Real Estate and Estate Planning

Avoiding Estate Planning Mistakes: A Guide for Newbies

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If you haven't done any estate planning, it can be overwhelming to figure out where to start. Avoiding common mistakes is the first step in creating a solid estate plan. Here are some tips to help you avoid estate planning mistakes as a newbie. Don't Procrastinate - One of the biggest mistakes people make is waiting until it's too late to start their estate plan. You shouldn't wait until you're sick or facing a major life change. Start planning now so you can know that your assets will be … [Read more...] about Avoiding Estate Planning Mistakes: A Guide for Newbies

The Importance of Estate Planning for Younger Adults

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Estate planning is not just for older people.  In the eyes of the law, anyone over the age of eighteen years of age is an adult. Thus, estate planning is important for all adults over the age of eighteen years. In fact, younger adults may have more to lose if they don't have an estate plan in place. We cannot control the future, but we should plan for it. Here are some reasons why estate planning is especially important for young adults: Protect Your Assets. Even if you don't have a lot … [Read more...] about The Importance of Estate Planning for Younger Adults