Estate Planning for pet care and pet trust
You cannot leave money or other kinds of property to your pet. The law says animals are property, and one piece of property cannot own another piece of property. However, you can plan to make sure that your pet has a good life after you die. Use your estate plan to make sure that Your […]
Getting started: Estate Planning for young families
In the euphoria and exhaustion of catering to young children, estate planning may probably not be at the apogee of your priority list. However, all families, particularly those with young children, should have a basic estate plan in place. If something bad were to happen, your family would be grateful that you made the decisions […]
Estate Planning basics you need to know
When people think of estate planning, they tend to focus on the distribution of an individual’s assets and other property when he or she passes away. Although that’s certainly a component of estate planning, there’s much more that a person can do to ensure that his or her intentions and wishes are honored in the […]
Estate Planning for family farms: what to do with the land
While most businesses use real estate, unique planning issues arise for family farm owners because of the importance of real estate to the farm and family. There are several reasons for that. Reasons 1. Family farms are not as mobile as other businesses. 2. Family farm owners usually have strong emotional attachments to the land. […]
Estate Planning Company offered Ontario Education workers free wills ahead of September
LegalWills is offering Ontario education workers free wills and Health Care Power of Attorney documents in August as debate continues over how to reopen schools safely in the fall amid the coronavirus pandemic. This is to say the pandemic has caused a slow down in the educational system. We wanted to do our part to […]
5 estate planning disasters you’ll want to avoid
You shouldn’t abandon your estate plan document after creating it. Estate planning documents such as wills and trusts are always subject to state laws and these laws are often amended from time to time. Also, these laws vary across states and you would have to amend your will or trust if you move to a […]
Rest in Wealth: The Ins and Outs of Estate Planning
Everyone owns an estate even if you find it hard to believe. An estate comprises of all that you own; that is, all your assets. Your asset could be your car, home, furniture, stocks, investments, personal possessions, etc. Irrespective of how extensive or little it is, we all own assets that we will definitely leave […]
Estate Planning. 6 big mistakes that can cost you
What is Estate Planning? Estate planning is the process of anticipating and arranging, during a person’s life, for the management and disposal of that person’s estate during the person’s life, in the event the person becomes incapacitated and after death. The most basic step in estate planning involves writing a Will. Other major estate planning […]
Estate Planning: When There Isn’t a Will… What is the Way?
Will and last testament A will is a legal document which entails how a testator designates his estate among his heirs. Often, people confuse a will with an estate plan but, they are different. While a will is a part of an estate plan, an estate plan has a wider coverage of plans concerning the […]
Millennials and Estate Planning
Who is Millennian Millennials, also known as the Net Generation (generation Y), are the demographic cohort that directly follows Generation X. The History of America’s Future are often credited with coining the term. Characteristics of Millennials There is a great deal of variation from one individual to another within any generational cohort. Nevertheless, the particular […]