When drafting a will, it's very important to get it right. Small oversights can lead to massive family disagreements when you pass away. You won't be around to witness them, but that is not the type of legacy you want to leave for your children.To help you begin, here...
There are two main ways to look at net worth in America. The first is by looking at the average for every household, and the second is by looking at the median. These may seem similar, but they yield vastly different results.If you consider the average, it clocks in...
People already live to 100 years old. It is not the norm, with the life expectancy in the United States still under 80, but that changes a little bit every single year. In time, experts believe that 100 will become the average.They think this for a few reasons. First...
Retiring already forces you to start thinking about your finances, your long-term earnings, your Social Security benefits and a lot of other financial details. You may also think about the medical care you'll likely need as you enter this later stage in your life, and...
Have you ever heard that most people have never done their estate planning or written a will? It's a concern that experts have expressed for quite some time, seeing as how everyone will eventually pass away and need an estate plan. That makes it feel like something...
You wrote a will 10 years ago. You have not thought about it since. You just filed it away, glad to have something in writing, feeling like you'd taken an important step.That is an important step, and you're definitely moving in the right direction. However, you don't...
You have never written a will. When you ask your friends, most of them haven't done it either. They all say that they need to, and they express remorse that they haven't done it, but the reality is still clear: You're not alone. People often do not do any estate...
Disinheritance means, in the most general sense, that you are leaving someone out of your will. They expected to get an inheritance from you -- often, this person is a child -- but your estate plan gives the money to others.A partial disinheritance, then, is simply...
You are thinking of doing your estate planning, but you just got married for the second time. Your first marriage ended in divorce. Is there anything you need to know about planning the second time around?There certainly is. Estate planning grows more complex the more...
Do you think that at some day in the future you will need to pass your assets on to your heirs or other beneficiaries? Of course, the answer is yes. We are all going to pass away eventually and we need to transfer our wealth -- no matter how much or how little we have...
