Legacywise Blog
This week’s Word to the Wise is: Guardian: A responsible adult who would care for your children if you are unable. Why identify a guardian for your children now? Your children are your most important priority. If you become incapacitated in some way, you want someone trustworthy to care for them in your place. If you die, who raises them greatly matters. If you don’t designate a guardian, the state will decide who fulfills
This week’s Word to the Wise is: Digital Assets: Computer files and accounts, such as online accounts (including social media), patents, and computer records. Why do digital assets matter in estate planning? When someone dies, the only way their digital assets can be accessed is if they have shared logins and passwords and other details with someone else. Sometimes these can be quite valuable. Without that information, and without the designation of a
This week’s Word to the Wise for estate planning is: Debt: An amount of money owed to another person or party. Why does debt matter in estate planning? After you die, the assets of your estate must be used to resolve all unpaid debts you owed, including credit card balances and loans. It’s critically important to know everything you owe and how your assets will—or won’t—cover those amounts, and it’s equally important
How LegacyWise’s estate-planning process gets your documents ready virtually. Estate planning involves making important decisions about your children and your assets. It’s a very personal experience, and one that benefits from step-by-step directions and insights. LegacyWise is designed to guide and ensure that you make all these decisions—and complete the documents reflecting those decisions—in a fraction of the time and cost that traditional legal services typically take. To help with this process LegacyWise’s uses plain
Choosing Between a Will and a Trust: What You Need to Know When it comes to estate planning, a common question our workshop participants pose is whether they need a will or a trust. Both documents serve to outline your wishes for the distribution of your assets and the care of your children, but they operate in different ways and offer distinct advantages. LegacyWise helps you understand these differences as you create your own estate