The more unpleasant and stressful a process is, the more reasons someone will generally find to procrastinate about it. Estate planning requires that people carefully analyze their finances and digital assets, which is often a stressful experience. They will also need...
What goes to probate when someone dies?
When someone dies, their assets and debts need to be sorted out and the remaining assets have to legally be transferred and titled to the appropriate heirs, and probate is the process by which this happens. However, not everything someone owns will pass through...
What happens when a person dies without a will or trust?
Estate planning is something that adults of all ages in Delaware should consider, but many find ways to avoid the process for as long as possible. Some people wait for so long that they eventually die without an estate plan in place. As a result, those who are...
What is a spendthrift trust?
While you may remember some of the adventures (and misadventures) of your youth very fondly, don’t you wish you could avoid some of the bigger mistakes you made? Hindsight is often 20/20, especially where financial matters are concerned. What if there was a way to use...
Do you need to consider a pet trust?
If you’re creating an estate plan, you may want to consider using a trust. There are a lot of different ways that you can use trusts, such as creating a trust for an heir with special needs or setting up a trust to pay for a grandchild‘s college education in the...
How to discuss your estate plan with your children
You have spent some time thinking about your family, your personal property and the legacy that will remain when you die. You have decided on exactly how you want to divide your property and any lingering responsibilities after your death. Now, you need to have an...
Protecting your child’s inheritance
The assets you pass on to your children can make a massive difference in their lives. Financial assets can help pay for a college education or make a down payment on a house. However, without proper planning, the assets you want to go to your children could go to...
Do you need a trust?
When you think about your estate plan, what do you think about adding a trust? Some people believe that a trust is only beneficial if they have many assets, but the truth is that trusts aren’t just helpful to the wealthy. Those who have property, such as a home, or...
4 life changes that mean your estate plan isn’t up-to-date
Planning your estate requires that you think about some unpleasant issues, like your death. When you finally invest the time and energy into creating an estate plan, you probably want those terms to last for years. However, an estate plan isn't something that you can...
What is a spendthrift trust?
As a parent, you have likely done your best to prepare your children for the outside world. You will also want to pass on as much of your belongings as you can to your children when you die. The sad truth is that while you may have tried to instill a sense of fiscal...
