Wills And Trusts

People creating estate plans often rely on wills to establish their legacy and guide the probate process after they die. The issue with using one document for estate planning is that sometimes there may be issues with the document that give other people grounds to...

Creating an estate plan involves dictating where specific assets will go when you die. This can be done through wills and trusts, which are parts of most comprehensive estate plans. Determining what to distribute via wills and what should be handled through trusts can...

Trusts can play an important role in estate planning and wealth preservation. A trust is a legal arrangement wherein one party, known as the trustee, holds and manages assets for the benefit of another party, the beneficiary. Trusts are versatile tools, offering...

A will is a powerful document that determines what happens to an individual’s assets after they die. The effort required to draft a will could go to waste if someone fails to comply with state law. An estate plan that the probate courts won’t uphold is not worth the...

Navigating the complexities of estate planning can be daunting, especially for high-asset individuals. The goal is to ensure a seamless transfer of assets to chosen beneficiaries, but tax considerations, probate proceedings and potential creditors can complicate the...

An advanced directive is an important estate planning document that discusses someone's medical preferences. People may want to avoid certain medications because addiction runs in their family or may have specific wishes about resuscitation or life support after a...

Proper estate planning requires various “what if” scenarios. Creating documents that adheres to your priorities is the initial step while accounting for a certain level of flexibility in case circumstances change. Open lines of communication with children helps them...

A trust is a legal entity that you create to fulfill a specific purpose. Trusts often serve to hold, invest and distribute assets during someone's golden years or as part of the administration of their estate. Although people often dismiss the idea of a trust as...

When you have a child, you likely understand that you are now responsible for them even if something happens to you. Becoming a parent is one of the most commonly cited reasons people give for finally creating an estate plan. You can ensure that your children will...

When you work on your estate plan, it’s with the intention of protecting yourself and those you care about. You probably know that a will is the first document most people discuss and create. A will isn’t the only document you’ll need, though. Relying on just a...