Important Documents

8 Signs Your Family Will Fight Over Your Estate

Death is agonizing enough without the added unseemliness of heir warfare. Here are the warning signs that there might be strife in your family after you're gone.

All You Need To Know About Organizing Important Documents

Places You Should Start

Types of paperwork you should gather and put in an easy-to-find folder:

All You Need To Know About Trusts

Simply put: A trust is a legal arrangement in which a certain amount of property or assets is held by a person or entity (e.g. bank) for the benefit of one or more other people.

All You Need To Know About Naming a Power of Attorney

A power of attorney, or POA as people in the know say, is someone you pick to speak for you, legally and financially, when you can’t speak for yourself.

All You Need To Know About Advance Directives

The Components of an Advance Directive

This legally-binding statement for how you would like to be treated at the end of your life is made up of two parts:

1. Naming a health care proxy, who can advocate for your care when you may not be able to

2. Creating a living will, stating the types of medical treatments you do and do not want at the end of your life

All You Need To Know About Life Insurance

How It Works

You buy a policy and pay the monthly or annual fees (a.k.a: premiums) on time. If you die the insurance company pays your family, or whoever you named as the beneficiaries, the amount of money specified in the policy. Like the lottery, there’s a choice to receive the money all at once (lump sum) or in installments (annuity). Unlike the lottery, this is an investment that actually pays off.

Types of Life Insurance

There are two main types of life insurance: term and permanent (or whole life).

All You Need To Know About Creating A Will

Why You Need One

So your family/friends/business associates don’t spend the next decade fighting, in court and possibly in person...with fists. The fights can get even uglier if you have young kids, or lots of money and property, or both.