Primary Beneficiary vs. Contingent Beneficiary
One of the better ways to guarantee your assets are overseen in accordance with your wishes is to name both a primary and a contingent beneficiary. Understand the difference between them so you can make an educat...
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Estate Planning Tips: Find the Right Estate Plan for You
Everybody is unique and should create an estate plan that is a reflection of their personal objectives and lifestyle but contemplating the broad classification you fall into can help you establish which type of e...
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Last Will and Testament Letter of Instructions
A letter of instructions is an unofficial document in your estate planning arsenal. It can go a long way toward giving further explicitness for your beneficiaries and your wills executor. Fundamentals of a Will...
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What Is a Beneficiary?
Commonly, a beneficiary is an individual that receives returns or benefits from something. In the insurance field, individuals generally use the term beneficiary in reference to the recipient of life insurance re...
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What Is “Residuary Estate” in a Will?
Whereas “residue" might make you think of the nasty bits in your kitchen’s drain, there is nothing distasteful about being appointed the beneficiary of a residual estate. When you are preparing a will or are appo...
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Will Executor Duties FAQ
An executor plays a very crucial part following the testator (the person to whom the will relates) passing away, including the duties of finding assets, paying liabilities, and making sure beneficiaries designate...
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5 Important Estate Planning Questions to Ask a Lawyer
Walking into a law firm to start your estate plan—even when it is only a simple will—can be an overwhelming experience. But being aware of what you are getting into can get you ready for the experience. The more...
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Checklist: Reasons to Update Your Will & Estate Planning Documents
Once they create a will, a lot of people are going to place it in a safety deposit box or leave a copy with their attorney and put it to the wayside. Nevertheless, there are at of reasons to go over i and update...
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