Losing a loved one is undeniably challenging. The absence of an estate plan can complicate matters even further. What should you know about intestate succession and the importance of creating an estate plan? Who will receive your assets if you do not have a plan? If...
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Estate Planning
How can you pass a bank account to beneficiaries?
On Behalf of Hedberg & Boulton, P.C. | Apr 18, 2024 | Estate Planning
Planning to care for your family after you pass away is likely a priority for you. There are several things to consider when you’re trying to figure out how to handle things in ways that can better help to ensure short-term and long-term factors favorable results...
What is a power of attorney?
On Behalf of Hedberg & Boulton, P.C. | Feb 20, 2024 | Estate Planning
As you plan your estate, you have the option to name a power of attorney. A power of attorney is a useful agent that may be necessary if you suffer a severe injury or illness and can no longer care for yourself. The person you name as your power of attorney can act on...
What is the difference between beneficiaries and heirs?
On Behalf of Hedberg & Boulton, P.C. | Feb 6, 2024 | Estate Planning
There are a lot of complex terms to learn when planning an estate. As a testator, it can help to learn about terms like power of attorney, executor of the estate or child guardian. However, when making a will, you may want to begin by learning the difference between...
Some of the complexities of digital estate planning
On Behalf of Hedberg & Boulton, P.C. | Nov 24, 2023 | Estate Planning
More and more often, people are purchasing digital assets. They are spending thousands of dollars on video games, music, ebooks, movies, TV shows and much more. These digital assets used to be sold in physical formats like CDs and DVDs. But they are now often being...
Every adult needs some basic estate planning documents
On Behalf of Hedberg & Boulton, P.C. | Mar 28, 2023 | Estate Planning
You’re a 21-year-old guy, unmarried, working in construction. You work hard and make decent money, but you spend it just as fast, too. Why should you worry about an estate plan? Alternatively, you’re 23 and just had a baby with your boyfriend. You might marry in the...
Is it time to update your will?
On Behalf of Hedberg & Boulton, P.C. | Apr 21, 2022 | Estate Planning
Creating a will is a smart, responsible thing to do. In fact, no matter how old you are, having a will is recommended. While this is true, it doesn’t mean you can ignore the document once it is created. In fact, you must update the will from time to time. Some of the...
You’re not too young to write a will
On Behalf of Hedberg & Boulton, P.C. | Apr 13, 2022 | Estate Planning
Studies consistently find that most Americans do not have a will. Many of them say that they plan to write one later in life, but they simply haven't gotten around to it yet. There are many reasons for this procrastination, but one of the most common ones is that...
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