For many people, downloading a do-it-yourself will can seem like an attractive option. It costs less than hiring an attorney, it is easier than hiring an attorney, and it can be done in a matter of hours – if not minutes. You don’t have to take time off from work to go to an attorney’s office, you don’t have to tell some stranger about your finances […]
As you navigate the important process of organizing the eventual administration of your estate, it is essential that you have a solid understanding of the distinction between probate and non-probate assets. Preparing for future probate matters can be a complex and highly-involved undertaking, but having a solid grasp of this concept will help alleviate some of the inherent stress and uncertainty that is typical for those […]
Formulating a comprehensive estate plan should entail addressing all of your valuable assets. And if you are the owner of a rental property, it should also include the necessary asset protection measures to safeguard your future. For the majority of clients, a complete estate plan consists of three broad main categories:
- Your house
- Financial accounts
- Personal property
Additional assets, including rental property, life insurance accounts, retirement […]
It is an all-too-common misconception that a trust is a sophisticated legal instrument reserved exclusively for only the wealthy. The reality, however, is that trusts are one of the most commonly used estate planning arrangements with a proven track record for being a highly reliable method of ensuring an individual’s final wishes are implemented correctly.
Regardless of age, amount of assets, or family size, everyone should […]
When is the “right” time to put together your estate plan? While there is a common perception that preparing an estate plan is something you do when you start to approach the age of retirement, the reality is that there are plenty of important reasons to put a plan in place while you are in your 20s or 30s.
Why? First, while we […]