Will – LWP Marketing Toolit

The Importance of Estate Planning Documents for Younger Individuals

SM_Admin — Wed, 09 Oct 2024 17:59:12 +0000

In the hustle and bustle of our youthful years, contemplating estate planning may seem like a task meant for a far-off future. Yet, the importance of having crucial documents in place cannot be overstated, even for those under the age of 40.

Is a ‘Sweetheart Will’ Best for You and Your Valentine?

SM_Admin — Wed, 09 Oct 2024 17:56:02 +0000

In the realm of estate planning, married couples have traditionally used “sweetheart wills” to leave assets to each other.

How to Avoid Challenges in Your Will or Trust

SM_Admin — Wed, 19 Apr 2023 18:56:31 +0000

Although you may have taken the time to create well structed wills and trusts, there are some common challenges which may present themselves upon your passing. Disputes amongst beneficiaries can result in bitter family relations, costly court proceedings and financial devastation. The following are some proactive measures you can take to avoid common challenges and ensure your documents accomplish your intended goals.

Sentimental Assets and Your Will: Understanding When Someone Can Challenge Your Wishes

SM_Admin — Thu, 20 Oct 2022 15:18:01 +0000

Emotions can run high after a loved one dies, particularly if your family’s assets include items with sentimental value, and the last thing you want is for your family to start fighting after you pass away.

A Will is a Key Component of Any Estate Plan, But It’s Not Enough

SM_Admin — Wed, 24 Aug 2022 18:29:19 +0000

When most people think of estate planning, usually writing out their will comes to mind. While a will can help you accomplish a number of important planning goals, it’s certainly not a complete plan to protect your future.

Why You Need a Digital Will

SM_Admin — Tue, 28 Jun 2022 20:54:57 +0000

Digital technology has transformed the way we live. Our society has irrevocably plunged into the digital world. As technology becomes ever more deeply embedded into our daily lives, we need to plan accordingly. “Digital Assets” is a broad term that includes a multitude of online accounts and records. A digital Will enables you to identify how you want each one of these profiles to be handled after your death.

Why Do People “Put Off” Estate Planning?

SM_Admin — Wed, 23 Feb 2022 14:22:05 +0000

The statistics are rather alarming. In 2005, 50 percent of Americans had a will; today, only 32 percent of us have one. Meanwhile, only one in three Americans over the age of 55 has a durable power of attorney, and a mere 41 percent of this same demographic has advance health care directives.

What is a Pour-Over Will and How is It Used?

SM_Admin — Thu, 27 Jan 2022 20:38:43 +0000

A pour-over will is a type of last will and testament typically used in trust-based estate planning. Unlike a traditional will, which directs how your property will be distributed to beneficiaries, a pour-over will states that assets not funded into your revocable living trust should go into the trust when you pass away.

What’s Not to Like About an I Love You Will? Plenty.

SM_Admin — Tue, 31 Aug 2021 13:43:57 +0000

An “I Love You Will” is a last will and testament in which the testator—the person who makes the will—leaves everything to his or her spouse. If you have thought about making a will in the past, you likely considered this approach. Perhaps you have already created such a will.