If this is the first time that you heard the term, the concept of döstädning, or “death cleaning”, is not morbid at all. In fact, it is not limited to end-of-life activities but occurs at intervals throughout the lifetimes of many Swedish individuals. In Sweden, it is...
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Estate Planning
4 reasons why you shouldn’t put off estate planning
The majority of people in the United States believe that they should have an estate plan. They understand that it is important and that it can help their family. If you asked them if it was a necessary step to take, they would tell you that it is. However, the...
How to deal with a dishonest executor
Usually, part of the duties of an executor involves safeguarding the assets and property of the deceased. But what if they turn rogue and start stealing from the estate? As a beneficiary, you are likely to be affected by their actions, especially if a significant...
Older adults need to plan now to pay for nursing home care
Preparing for retirement in Ohio requires careful planning. You have to have a realistic idea about where you live and what your costs will be. Most people plan their retirements with expectations that they will live at home with their spouse and potentially travel....
How to approach your parents about estate planning
Your parents have most likely been fully independent for many decades. Not only that, they will have provided for you and assisted you in obtaining your own independence. This can make the reality of their aging difficult to digest. You may question whether or not you...
Avoiding a will contest
You may think you have the perfect will in place to distribute your estate to the intended beneficiaries as per your wishes, only for it to be contested by one of your family members. Unfortunately, this may derail your estate plans since everything will have to be...
Is your estate plan up to date?
If you have an estate plan in place, you can rest easy if little has changed in your life since you created that plan. If you have experienced significant changes, however, your plan may no longer provide the optimal asset protection and peace of mind you desire....
Leaving an inheritance for a loved one with an addiction
Family members whom you love and respect may have personal struggles that affect your whole family. When a child or grandchild has a serious addiction, the entire family may have to invest time and resources in helping them overcome their substance abuse....
What are the advantages of an irrevocable trust?
One kind of trust that can be highly beneficial is the irrevocable trust. An irrevocable trust is one that you cannot change. Once you set up the rules, that trust stays firm. It holds your assets in the name of a third party and will not distribute them until the...
Can estate planning now help you get Medicaid later?
People have different reasons to start estate planning. Wanting to provide for children or spouses is a common motive. Others start to plan for their own peace of mind when they reach retirement age. If you fall into that second category of estate planners, you might...