Does Will Have an Expiration Date?
If I have a current will that is about seven to 10 years old, do I have to write up a new will or can I edit the current will?
Estate planning services refer to the process of managing and distributing one’s assets and properties after their death, in a way that ensures the smooth transfer of wealth to the intended beneficiaries while minimizing taxes and other expenses. Estate planning services may include drafting legal documents such as wills, trusts, and powers of attorney, as well as providing guidance and advice on strategies for asset protection and wealth transfer. These services may be provided by lawyers, financial advisors, or other professionals with expertise in estate planning. Effective estate planning can help individuals achieve their long-term financial goals and provide peace of mind for themselves and their loved ones.
If I have a current will that is about seven to 10 years old, do I have to write up a new will or can I edit the current will?
Receiving an inheritance could provide an unexpected (or anticipated) financial windfall. There’s just one thing you may have to contend with – people attempting to steal what you’ve inherited.
Does somebody else know where it is in the event of your death or incapacity?
When beneficiaries receive a payout from a life insurance policy, they typically don’t have to pay taxes. However, there are a few situations where a portion of the life insurance benefit is taxable to the beneficiary.
Lisa Marie Presley‘s surviving three children will reportedly inherit her Graceland estate.
Estate planning isn’t just for wealthy individuals with large assets; it’s essential for everyone.
If your beneficiary designations are out of date and you die without updating those designations, your assets could go the wrong people–a former spouse, for example–no matter what your will says.
It isn’t just about wills and funerals—it is a reflection of your values, your goals for healthy aging, and the hopes and dreams you have for those you love.
While you may draft a will assuming that your choice of executor won’t change, there are different reasons why making a switch may be necessary.
A state appeals court has ruled that a handwritten instruction in a Bible that included only the first name of the writer was a valid codicil that changed a will.