Picking an executor for your will is a big decision that affects your estate's management after you pass away. This person will carry out your final wishes, manage your assets and pay off any debts. To do this job well, an executor needs certain qualities. Think about...
ESTATE PLANNING – Estate Planning
Living will and end-of-life care decisions
Planning for the future can feel scary and overwhelming, especially when it comes to end-of-life care. Fortunately, you can address these decisions through a living will, which is an effective tool when you are unable to speak for yourself. In this blog, we'll explore...
Selecting a trustee? Keep an eye out for these 5 key traits
When it comes to estate planning, picking the right trustee is a decision that you shouldn't take lightly. Ultimately, this choice could make or break the success of your trust: your trustee will manage the fund and care for your beneficiaries in the future. This role...
Understanding fiduciary duty of care in estate planning
When it comes to estate planning, you might hear the term "fiduciary duty of care" thrown around. But what does it mean, and why is it so important? What is the fiduciary duty of care? Simply put, a fiduciary duty of care requires a person or entity to act in the best...
Ensure long-term care for your loved one through a special needs trust
Planning for a loved one with special needs can be overwhelming. You're likely worried about their financial security and want to maintain their access to important government assistance. Consider a special needs trust if you're exploring estate planning options for...
Do not let these estate planning errors cost you
Estate planning stands as a cornerstone of financial security, giving you peace of mind that your assets will go to your intended beneficiaries after you are gone. However, even with the best intentions, mistakes can still slip through the cracks during this dynamic...
Can you revoke your power of attorney if you regain capacity?
A power of attorney (POA) is a legal document that grants an individual the authority to make decisions on behalf of the principal. This can include managing finances, health care decisions or legal matters. In estate planning, a POA ensures that someone you trust can...
Proving a will is invalid due to undue influence
Before passing away, people usually arrange for their assets to go to their closest relatives or friends. Questions may naturally arise if someone unexpectedly stands to receive a large share or a distant party is listed as an heir. Considering how bad actors often...
How often should you update your estate plan?
The process of estate planning does not stop from its creation. It is a continuous affair that would require constant check-ins and updates, when necessary. However, many are unsure how often they should update their estate plan. Some may suggest that you should...
New parents can benefit from estate planning too
Welcoming a new child brings unexplainable happiness but also a host of new responsibilities, including planning for their future. Though sometimes misconceived as a tool solely for the wealthy, estate planning is also a vital step for new parents. It provides a...