What Is Estate Planning?
Estate planning is a process to consider alternatives for, to think through, and to set up legally effective arrangements that would meet your specific wishes if something happens to you or those …
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How to Obtain a Death Ceritifcate
When you are helping to wrap up the affairs of the deceased, you will probably need a death certificate to get access to bank accounts, safety deposit boxes and insurance proceeds. It is …
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What Sorts Of Instructions Are Made As Part Of An Estate Plan?
An estate plan consists of one or more documents that set forth instructions. Some documents are used to control health care decisions, others control your property in the event of your incapacity, …
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What are the advantages of purchasing an annuity for estate planning purposes?
There are several reasons that purchasing an annuity can be advantageous for estate planning purposes. Although annuities are typically invested by insurance companies in the stock market, they carry less risk because they provide periodic income for you to the rest of your life, and they provide a death benefit to your named beneficiary if you die before receiving payments from your …
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What Happens When a Person Dies Without a Will?
If you want to make sure that your property is distributed according to your personal wishes at the time of your death, then it is important to have a properly drafted and executed will. When a person does not have a will at the time of their deat, then the person's property is distributed according to the state’s default laws of distribution, known as intestacy laws. …
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