Revocable Trust or Irrevocable Trust: Which One Do You Need?
Do you need a revocable or irrevocable trust? No matter what happens throughout your life, you are going to leave behind assets for someone when you die. You should always leave behind a legal document to guide how to distribute those assets. Another thing you should do to protect your assets is to put your…
What Is Estate Planning? Here Is a Brief but Informative Explanation
Do you think that estate planning is only necessary for the ultra-wealthy? Do you question if you even have an estate? While most of us do not like thinking about the worst-case scenario, having a plan can provide invaluable peace of mind for both you and your loved ones. If you are asking yourself, what is estate…
Will v. Estate Plan: What Is the Difference?
Do you know the difference between a will and an estate plan? Did you know that more than 50% of Americans do not have an estate plan or will in place? Many people wonder if they need estate planning if they are young or do not own much. Read on as we answer that question and look at…
Living Trusts for Beginners: What is a Living Trust?
What is a living trust? If you are not prepared when you die or become incapacitated, your loved ones have to foot the bill and jump through legal hoops. If you do not want to put that sort of (additional) stress on your loved ones in their time of grief, you can prepare these documents…
Revocable vs Irrevocable Trusts: What You Need to Know
As you move into the latter stages of life, you want to know where your resources will end up when you pass away. Setting up a trust is an extremely common way to do this, and it can help ensure that your life’s savings will end up in the right hands. Here are a couple…
Estate Planning Essentials: Types of Trusts and When to Use Them
Most people do not have a clear understanding of the different types of trusts and how they can affect your estate when you pass. It is important to get some fundamental knowledge of trusts before you start making decisions about where your assets will go. We are going to give a rundown of the four…
5 Common Mistakes When Writing a Will
There are five common mistakes when writing a will. Despite the importance of estate planning, a majority of Americans seem to neglect it. In fact, 60% of American adults do not have a will. Having more than enough to worry about already, many people do not want to add their mortality to their list of…
Not a DIY Job: Why You Need an Attorney to Write a Will
This is not a DIY job. Here’s why you need an attorney to write a will. About 60% of Americans do not have a will or a living trust. Granted, thinking and planning for the end of life is not something anyone would be enthusiastic about. So, while most people know they should, they wait until…
Five Common Questions About Estate Planning
Here are five of the most common estate planning questions. While estate planning is not the most exciting thing to think about, it is necessary to make sure your children and family members are taken care of and your assets get distributed according to your wishes. Do not get overwhelmed by the estate planning process….
Estate Planning Tips for Parents
In the excitement of having a baby, we often forget to plan for the unexpected. Luckily for you, we have four estate planning tips for parents to help you do precisely that. Appoint a Power of Attorney When there is a newborn on the scene, it is essential you and your partner execute a power of…