While it is an honor to be selected as an executor, executing a will takes more work than you might think.
Parents are often more than happy to offer financial advice to their children. They like to feel needed and want to make sure you’re on solid financial ground. However, it’s important to turn the tables and ask about their financial plans, too.
As it turns out, though, living wills and durable power of attorney for healthcare are two things that single people might especially want to give some thought to.
No matter what line of work you are in, estate planning has facets that apply to everyone, and it comes down to documenting wishes and avoiding probate and unnecessary taxes. Too many people put it off, but, in general, the sooner you do it, the better.