Answer: A trust is a fiduciary arrangement that allows a third party (a trustee) to hold assets on behalf of a beneficiaries. Benefits of trusts include: Control of your assets. Protection of your assets. Privacy and probate avoidance. Basic Types of Trusts: There are many types of trusts; a major distinction between them is whether they …
Answer: Many people make the same mistakes when it comes to estate planning: Not Planning: Although estate planning can be a process, it is necessary and critical to avoid a long and drawn out probate process and unnecessary taxes. By doing an estate plan you can save your loved ones added grief, frustration and expenses. Don’t Plan for …
What are some of the most common Estate Planning mistakes? Read More »
Your estate consists of all property owned at death before it is distributed by Will, Trust, or intestacy laws. An estate may contain both real property (real estate) and personal property (all other property, including bank accounts, securities, jewelry, artwork, memorabilia and automobiles). It also includes your legal rights and interests in property of any kind. To …
Answer: We don’t recommend doing it yourself here’s why… Whether or not you need an Estate Planning Attorney to help you draft a Will generally depends on the extent and complexity of your assets and family situation as well as your personal level of sophistication on estate planning and probate matters. Even with a very …
Should I hire an Attorney to help me draft a will, or can I do it myself? Read More »
Answer: You should review your estate plan at least every three years. If you’ve created your estate plan, you have the peace of mind of knowing that your family and your assets are protected. But don’t forget that there will be events that happen in your life that can affect your estate plan. That means you’ll …
