Crafting a will involves more than just the distribution of assets and belongings. One often overlooked but essential element is the inclusion of a power of attorney. This legal document grants someone you trust the authority to make decisions on your behalf if you...
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Estate Planning
How can loneliness lead to issues while estate planning?
Loneliness can have a big effect on a person's mind. In the later years of life, individuals might become close to people who try to take advantage of their loneliness. This exploitation can significantly shape decisions about estate planning, potentially putting at...
4 myths surrounding estate planning
Estate planning, the process of arranging for the management and disposal of a person's estate during their lifetime and after death, is essential for individuals in every state. While the topic might seem straightforward, many myths and misconceptions surround estate...
Elements to include in an estate plan
Planning for the future is a crucial step in ensuring that your loved ones remain taken care of after your death. In North Dakota, creating a comprehensive estate plan can provide peace of mind and a smooth transition of your assets. Taking the time now to make tough...
3 benefits of including end-of-life planning in your estate plan
Creating an estate plan is a great way to plan for the future. This roadmap provides an organized, legally binding guide for distributing your assets after your death. But an estate plan does more than cover what happens after you pass away. Including end-of-life...
A fresh look at the 4% rule
Estate planning for retirement will likely involve the best way to spend your accumulated savings. If you spend too much too quickly, you risk running out of money, but if you do not spend enough you risk shortchanging your lifestyle. The 4% rule for spending has...
Exclusions from an estate plan in North Dakota
Creating an estate plan is an essential step in safeguarding one's assets and ensuring their distribution according to personal wishes. However, individuals in North Dakota must be aware of the exclusions that exist within the state's estate planning laws. These...
Who can benefit from a generation-skipping trust?
There are different types of trusts available to help you with your estate plans. If you want to make sure your grandchildren receive your property directly from you without going through other family members, a generation-skipping trust may be the solution. Policy...
Why you need an estate plan if you do not have kids
Many people living in North Dakota neglect to make estate plans until something major happens. For example, you may not think you need one until you marry, have children or otherwise experience a major life change. In truth, though, everyone experiences benefits from...
Important details in an advance health care directive
Most people understand that a professionally-prepared estate plan involves several essential documents. These typically include a will, a power of attorney and a health care directive. All three of these important documents require proper implementation. A close look...