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For anyone that’s wondering, “why can’t I just get a Will online?”–this article from the New York Times describes some of the possible problems with online Wills.  My take: a Will from a website or software will could work–or it could produce unintended consequences that won’t be apparent until after your death.  If you already have a Will created by software or a website, many estate planning...

The New York Times’ “Bucks” Blog has a post up about six common questions about Wills. They have an interesting point about Revocable Trusts: One of the big reasons people set up revocable trusts, also known as living trusts, is to avoid probate, the court-supervised process to settle a deceased person’s estate. Why? Depending on where you live, probate can be a costly and lengthy process. Attorney, court and other...

This article from the Dallas Morning News outlines the importance of professional estate planning. Although anyone can find a form will and fill it out to the best of their abilities, proper estate planning can also involve retitling assets, changing beneficiary designations, and choosing the right fiduciaries. Spending a relatively small sum of money now can help avoid taxes and other headaches for your loved ones after you pass...

An interesting article about talking to your parents about the estate tax from U.S. News and World Report.

Choosing the executor of your Will is one of the more important decisions made in estate planning. An executor’s job is to “administer” a Will, and the person chosen should be able to handle your finances and communicate with your family members and other beneficiaries after your death. After your death, your executor is expected to: Collect and protect your assets, including finding and maintaining all bank accounts, investments,...