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Surprisingly, many people are often reluctant to bring up the topic of estate planning with loved ones. If you intend to discuss the subject with your parents, here are some tips to guide you.

Who will inherit from your estate becomes even more complicated if you and your new spouse both already have children. If you do not establish your wishes in your estate plan, your assets may end up going to a child who you don’t have a strong relationship with rather than your own children.

What if the only document you have is a copy of your loved one’s will? Can you actually use a copy of the will drafted by your mom, dad, grandparent, or another family member in order to carry out their wishes and distribute assets?

The death of a loved one can be devastating news to receive. Even if they were elderly or in poor health, the reality can be hard to accept, and you may be unclear about what to do next or how to handle the estate.

You’ve been named the personal representative in a will, and then the day comes that the will must be administered in probate court. You have a set list of tasks you must accomplish as the newly named executor of the will, which can be formidable enough, but then a spat erupts among the heirs, and there’s a dispute over the contents or validity of the will.

When a person dies, the personal representative or executor will settle the decedent's final affairs and distribute assets to the heirs and beneficiaries. However, prior to that, the executor must pay all debts and taxes.

It is an honor to be named executor of someone’s estate. The will’s creator, or the probate court, is entrusting you with the responsibility of making sure the estate is administered according to the laws of California. It is not an assignment to be taken lightly.

According to a 2021 Wills and Estate Planning Study by Caring.com, 58% of respondents who don’t have a will said that they haven’t started thinking about it or making a plan.

While everyone should strive to have a positive outlook on life, it is still important to protect your assets and make sure that your wishes are known to your loved ones. Life is full of unexpected twists, which is why a well-drafted estate plan can protect you and your family during turbulent times.

Many young adults assume that they do not need an estate plan at such a young age. This is evident from estate planning statistics among young adults. According to SeniorLiving.org, one in four people aged 18 to 29 believes they do not need an estate plan or are unsure if they need one.