A couple of months ago, we wrote a post about why younger people need to consider an estate plan. Many people don't have a will, and while it may be an intimidating and scary topic, getting a will is still a vital step in anyone's life. Having a will protects you, your assets and your heirs or beneficiaries. Not having a will is actually the scary prospect.
Do you have pets? Have you ever worried about what will happen to them in the event of your disability? Many of you may have already seen this year's newsletter, which briefly goes into the basics of pet planning.
Last month was a tragic one for quite a few celebrities, their fans, and their loved ones. As many of you are well aware, legendary musician David Bowie was among these tragic losses. With his passing, his estate plan has become a topic of discussion among those in the estate planning field.
The end of a relationship is always painful. It can often become even more difficult, however, when divorce forces both parties to divide their assets. Even without a pre-nuptial agreement, however, there are steps you can take to separate and protect your assets. Depending on the type of asset and the state you live in, trusts can provide limited protection against the division of spousal assets.