Is Estate Planning and Writing Will the Same Thing?
Many people think that estate planning and writing a will are the same. However, one is actually just part of the other.
Many people think that estate planning and writing a will are the same. However, one is actually just part of the other.
That last will and testament you have tucked away? It may not be the last word on what happens to your stuff after you are gone. Instead, that legal document’s directives for doling out your wealth may be overruled by other paperwork and relevant laws.
Before approaching the subject of the will, you need to consider that the loved one may be guarded and resistant to talk about it.
The way in which assets are titled can be vital.
Here are five critical mistakes to avoid when dealing with your beneficiary designations.
Here are four types of estate situations that could call for professional legal help.
A spendthrift trust allows you to leave funds to a beneficiary without giving them full control over those funds.
Of course, just because you have a living trust doesn’t mean you’re all set. Here are a few of the most common mistakes people make with their living trusts.
Signing a prenup doesn’t indicate that you don’t have faith in your marriage, just like buying car insurance doesn’t mean you expect to get in a crash.
A revocable living trust is a great tool to help your assets pass smoothly to your beneficiaries. It can also significantly reduce the headaches of probate. However, while some assets belong in a trust, others cannot (or should not) go into one.
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By Ethan Huizenga
Thursday, September 5, 2024
10:00 AM – 12:00 Noon