Month: July 2024

Month: July 2024

Understanding unequal inheritances

When it comes to estate planning, you might assume that dividing assets equally among heirs is the fairest approach. However, unequal inheritances make sense in some situations and can be the most equitable solution. Below are scenarios where this strategy can be...

Should you discuss your estate plan with your family?

People are uncomfortable discussing estate planning. After all, it revolves around two topics no one likes to think about: death and incapacitation. But there are excellent reasons why it’s a necessary conversation. Clearing up the unknown There is an idea that no one...

3 examples of a doctor’s duty of care

As soon as a doctor agrees to see a patient, they owe them a duty of care. This is something that is taken very seriously in medicine and law.  Generally, doctors provide a reasonable standard of care and abide by their duty of care, but that isn’t always the case....

You may not want to choose a family member as estate executor

Choosing an executor for your estate takes careful consideration. It's not unusual for an individual to select one or more of their children for the task, likely believing there is no one better to honor their final wishes. But there are some excellent reasons why...

How to choose a guardian for your child

If you are a parent of a minor, your will should name someone who will take care of your child if you are unable to. But who should you choose? Who among your loved ones can serve as your child's legal guardian? Below are four factors to consider: 1. Shared values...

Four estate planning components every parent needs

As a parent, you have likely spent countless hours planning for your children's well-being. From choosing schools to setting up college funds, you have worked hard to create a stable environment where they can thrive. But have you considered what would happen to your...