If you don’t have anything saved when you die, how do you ensure your death doesn’t create a financial burden for your survivors? That’s where burial insurance comes in. Also known as final expense insurance, this type of whole life policy covers costs related to your death. Those can include your funeral and burial costs, … Read more
Coping with the death of a family member is always hard. But if that person dies intestate — without a will — it can be an absolute nightmare. Their nearest relatives may need to spend months sorting out the estate in court. Anyone who isn’t a blood relative — including close friends and even domestic … Read more
No one knows what will happen after they die. What we can control, at least to some extent, is what happens to our worldly possessions after we’re gone. That’s what estate planning is for. And it’s where technology-assisted estate planning service providers like Trust & Will come in. Trust & Will reduces the time and energy needed … Read more
No one likes to think about the fact that they’re going to die one day. That may be why so many Americans put off estate planning. They assume they have plenty of time left to live, so they’re in no hurry to make a will. But as the COVID-19 pandemic reminded us, life and death … Read more
If you were born in the latter part of the 20th century, you’re part of the largest generation of Americans in history: millennials. And while millennials have diverse needs and desires, some truisms in life hold for every adult, regardless of their generation. They need to develop a comprehensive estate plan just like everyone else. … Read more
Dying intestate — without an estate plan — leaves behind a nightmare for your loved ones. It ties them up in probate court trying to sort out your estate, often for years. That legacy of chaos and contention is the last thing most of us want to leave behind. That means you need to create … Read more
There is one guarantee in life that none of us can escape: We will all die someday. If we’re lucky enough, we’ll do this when we’re old, slipping peacefully away in our sleep, but inevitably, it will happen to each of us. Unfortunately, too many of us pass away without leaving a will or other … Read more
The death of a family member or loved one is a difficult time for anyone. The last things you want to think about are the next practical and legal steps. While many of these steps are simple, some can be time-consuming and involve complicated legal issues. Nevertheless, these steps are necessary, and important, and being … Read more
If there is a list of topics people don’t like to discuss, death and debt are near the top. However, like many important legal and financial issues, every responsible adult should have at least a basic understanding of how debts left behind after death can affect survivors. Who pays for such debts? Are debts passed … Read more
You got your estate plans squared away and now you never have to look at them again, right? Not exactly. To ensure they continue to be relevant and current, you’re going to have to update them every so often. For example, if you meet a long-term financial goal like paying off a debt or buying … Read more
