Matthew left behind an estimated $500 million in XRP, a cryptocurrency. Problem is, at the time of his death, Mellon apparently had never bothered to share the location of the digital keys needed to access his digital fortune, and it now looks like his massive fortune is lost for good.
Relying on DIY estate planning documents is one of the most dangerous choices you can make. In the end, such generic forms could end up costing your family even more money and heartache than if you’d never gotten around to doing any planning at all.
If you are like many homeowners, your home is likely your family’s most valuable and treasured asset. In light of this, you want to plan wisely to ensure your home will pass to your heirs in the most efficient and safe manner possible when you die or in the event you become incapacitated by illness or injury.
If you have or are part of a blended family, it’s important to understand how estate planning could be exactly what you need to keep your family out of conflict and in love, both during life, in the event of incapacity, and when one or more of the senior generation (read: parents) dies. Let’s begin with understanding where potential conflicts could arise when you have a blended family.
Since long term care insurance is fairly new, here we’ll answer some of the most frequently asked questions about these policies to help you determine whether you (or your loved ones) could benefit from investing in long-term care insurance coverage as part of your estate plan.
This year, we invite you to ask your mother, father, and/or another loved one the 32 important questions below that can teach you valuable lessons about love, life, and what matters most. And, don’t just ask them, record their answers to create your own Family Wealth Legacy.
Take a few minutes to consider right now: if both you and your child’s other parent were to become incapacitated or die right now, who would step forward to care for your child? Would that be who you would want to raise your child, if you could not? Is that who you would want to take care of the financial assets you are leaving behind? What are your next steps? Find out in this article.
Estate planning is not a one-and-done type of deal—your plan should continuously evolve along with your life circumstances and other changing conditions, such as your assets and the law.