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November 2018 Archives

Can I write my own will?

Some people in Rhode Island choose to write their own wills to save money on legal costs. While there are numerous DIY estate planning tools available, creating your own will can end up costing you and your family both money and time in the long run. The Balance offers the following insight, which might make you think twice before creating your own will.

What you need to know about power of attorney

One of the most important parts of an estate plan is who you choose to handle your affairs. You will be placing a great amount of power in this person’s hands to act on your behalf. Because of this, you will want to make sure this person is trustworthy and capable of handling the job.

Adding and removing beneficiaries from your will

When it comes to your will, you may have many different things to take into consideration. However, the way in which you divide your assets among loved ones is a crucial part of your will and our law office also realizes that this can be an especially difficult aspect of estate planning. For example, you may be uncertain of the best way to distribute assets among heirs and things may change in your life, causing you to rethink how you have set up your will. When this happens, you may even want to add or remove beneficiaries from your will.

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