Protect Your Family With an Estate Plan Overview In the event of incapacitation or death (God forbid), it is important that you have named who will control your health and finances and who will raise your children (if you’re a parent). If you don’t have an estate plan, your assets may be distributed through the…
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What is a Trust and do you need one? You’ve probably heard about trusts on popular TV and radio shows. Here are answers to some frequently asked questions about trusts: Trusts – Defined A Trust, or Revocable Living Trust, is an estate planning document that states who you want to inherit your property and how.…
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Question: Do I need a living trust? Answer: It depends on your family situation, assets and estate planning goals. First, what is a living trust? A living trust, also called a revocable living trust, is an estate planning vehicle that allows you to transfer your property to other persons after passing. You can also specify…
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Changing your estate plan can be intimidating. Many do not know know when the appropriate time to do so is, but we have put together this blog to help you better understand. Getting a estate plan in place is a great way to protect yourself, your family and your legacy. When you completed your plan,…
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Procrastinating estate planning is an issue that many have dealt with. Here’s why: Numerous studies show that unfortunately, the majority of people haven’t completed their estate plans. While most people will admit that they know they need to create an estate plan, but they put it off. But why is it that people tend to…
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Many people only starting thinking about estate planning once they reach retirement age. After all, the “normal” progression of life is to get out of school, get a job, get married, have kids, get your kids through college, retire, become grandparents, enjoy life…and then, after a long and fulfilling life, we know that we will…
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Question: When should I create a trust? My assets include a couple of cars, my home, less than $100,000 in savings and a 401k. Do I need a trust? Answer: A Revocable Living Trust can be beneficial for anyone, regardless of what they do or the amount of assets they own. The best time to…
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Many young families put off estate planning because they are young and healthy and don’t need to do it yet, or because they don’t think they can afford it. But even a healthy, young adult can be taken suddenly by an accident or illness (Terri Schaivo being an example). And while no one expects to…
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Before taking any trip, most people create a “to-do list” of things they have put off and want to take care of before they leave. Here is a checklist of estate planning things everyone should do before taking your next trip. Getting these things done will help you travel with peace of mind, knowing that…
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Question: What should I do with the Will I made? Should I keep it somewhere specific or tell certain people about it? Answer: Even the best and most carefully drafted Last Will and Testament won’t do you any good if no one can find it. Wills are not filed or recorded anywhere and there is…
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