wills Tag

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There were so many estate planning mistakes made in the scenario I wrote about in my last posting.   First of all, it’s probably not wise to make an integral part of your planning the expectation that a child will always survive his or her parent.  Sure, it’s a likely expectation,...

The most interesting customer of the day today was a mother and her adult daughter who came in and asked for Probate assistance.  We’ll call them Mother and Daughter.  Mother’s mother (Grandmother) and Mother’s grandmother (Great-Grandmother) owned a home together as “joint tenants”.  Their situation raised a number of thorny...

You do not always need an attorney to complete a will or a trust. Professional document preparation can save you a considerable amount of money over having an attorney draw up all of your paperwork. Take a look at this information overview on wills and trusts to determine if a...

Wills vs. Trusts Often we will put off what we don’t understand and that includes our legal affairs. Most people are often overwhelmed when it comes to making a decision about their assets and what to do with them after they die. Making a decision about how to take care of...

Discussing end-of-life issues can be one of the hardest conversations a family has, but also one of the most important. As people age, they and their families face numerous decisions about healthcare, assisted living, the prolongation of life and even funeral arrangements. While it may be tempting to avoid these topics...

You're a young, married couple and just starting out in the world. You probably have small children and a large mortgage. Or, perhaps, you're a single parent, trying to make a life for yourself and your kids. Words like "assets," "estate planning" and "net worth" simply don't apply to you -- at least not yet. You don't have vast amounts of money in investments; you don't own lots of valuable property. If you died, there wouldn't be much to sort out financially, so, you certainly don't need a will. Or do you? The answer to that question is, yes, you do. A will, or even a living trust, encompasses many more factors than simply who inherits your money. There are several valid reasons why everyone, especially parents of young children, should have a legal will.

Creating your Estate Plan is a big first step in protecting your assets and your loved ones. But that plan will only do some good if it's kept updated and your family knows where to find it. Here are few tips to ensure that your estate plan is always working...