A majority of parents with minor children do not have a will. Even though they may not have many assets, these parents need a will more than a person with a seven figure estate.
Blog: Estates, Wills, and Trusts
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After providing for your family in your estate plan, you can leave your mark by making a gift to help animals. By leaving a gift to the Almost Home Humane Society, Wildcat Wildlife Center and/or Wolf Park, you can be remembered as someone who made a difference for homeless pets and/or the conservation of wildlife.
An estate planning pothole easy to avoid is not reviewing your estate plan after a remarriage. Frequently, we see where Mom or Dad remarries and leaves everything to the second spouse. When the second spouse dies, his or her children inherit everything and the children from the first marriage receive nothing.
Your estate plan will likely need to be updated at some point. An estate plan represents a snapshot of your life at the time you create the plan along with your state laws then in effect. Later changes in your life or the law can affect your estate plan.
When planning your estate, who should have a copies of the documents? Steve Knecht and Randy Vonderheide answer to this commonly asked estate planning question.