Writing a will is an excellent way to begin planning your estate. Your family members can reference your will for guidance when they close your estate. This formal legal document provides you with a place to name beneficiaries and clarify your final wishes. If updated...

There are many assumptions (based on common practice) about how an estate “should” be divided. For instance, it is very common for parents to leave most or all of their estate to their children, and to divide assets up in roughly equal measure among their kids. This...