What’s Best for You, a Will or a Trust?
In past generations, families were very close, there were few estates that had any tax liability, and children respected their parents’ wishes, both before and after the parents passed away.
What Happens When Both Spouses Have a Simultaneous Death?
Sometimes the persons involved either die simultaneously, i.e., too close in time to determine clearly who survived the other or die very close in time to each other.
Estate Planning Avoids Probate
It was reported on the news recently that some of Aretha Franklin’s family members have found what they believe to be her will. It was handwritten, stained and crumpled up in a couch. The courts may or may not choose to honor it, depending on whether or not they are able to verify its authenticity.
Why A Living Will Might Be Part of Your Estate Plan
What are Medical Advance Directives and what is the difference between a Living Trust and Living Will?
Estate Planning Can Solve Problems Before They Happen
The word ‘estate’ conjures images of great wealth, which may be one of the reasons why so many people don’t develop estate plans—after all, they’re not rich, so why make the effort? In reality, however, if you have a family, you can probably benefit from estate planning, whatever your asset level.
Leaving a Legacy Is Not Just about Money
Leaving a legacy — sounds like something only wealthy people can do, right? It can be something like making a giant bequest to a university or passing on a significant estate to your children.
Common Estate Planning Mistakes to Avoid
Here are a few things to avoid on your way to an appointment with a qualified estate planning attorney to discuss your own estate plan, and a couple of others to keep in mind once you get there.
Do I Need to Update My Estate Plan if I Move to a New State?
You may have a will or a full estate plan that was prepared by an attorney in another state, or perhaps you haven’t yet taken the important step of planning your estate.
Adulthood Means Getting 10 Estate Planning and Other Documents
I’m planning a major trip in 2020: It’s the year I turn 50, and I’m going to visit 50 places I’ve never been before. Among the fun itinerary research, I’m also taking care of more serious things, such as drafting a will and buying life insurance.
Use a Will to Communicate Your Wishes
You should have proper estate planning documents in place to protect yourself and your assets in the event of your incapacity, and so that you can control what happens to your assets after you die.