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June 2019 Archives

Emotional considerations regarding estate planning

When it comes to the estate planning process, there are many financial considerations that people have to take into account, of course. However, there are other factors that may need to be taken into consideration while creating (or modifying) an estate plan. For example, people should consider the emotional impact of estate planning, not only with respect to their own emotions but their loved ones' emotions as well. There are various positive and negative emotions that may arise as a result of one's estate plan, and being prepared can be very helpful.

Does Rhode Island recognize holographic wills?

Many reason may exists as to why Rhode Island residents (and American adults in general) tend to put off their estate planning. Some might even tell you that you do not have to worry about it until you approach the end of your life, and that even when you do, all that's needed is a simple document (or even declaration) stating what you want done with your estates. This line of thinking fails to into account two very important points: first, no one knows when they are going to die (or much less have time to scribble down a last will and testament). Second, you should at least find out whether a hastily thrown together will is even valid. 

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