Creating an estate plan is the best way to ensure your wishes will be followed after you pass away. While this is true, there are some important decisions you need to make. An important part of your estate plan is selecting an executor. Many people choose a family...
Personalized Attention For Your Family’s Probate & Estate Needs
Estate Planning
Important estate plan updates you should make after remarrying
Getting married again after a divorce or the death of a spouse marks the beginning of a new stage. However, your new relationship will affect many areas of your life, including your children’s inheritance. For this reason, it’s essential that you revisit and update...
Your residuary estate may be worth more than you think
It is very easy to make big mistakes when planning your estate. One of the most common planning errors involves a failure to properly identify and value your assets. For example, you may already have created instructions for the descent of your home, your vehicle and...
Should an estate plan address sentimental items?
For much of estate planning, even though you’re dealing with very valuable assets, they don’t have much sentimental value. Your heirs will certainly be able to split up your bank account or life insurance policy, for example, but this is more of a logistical question...
New parents also need estate plans
It’s often assumed that elderly individuals need estate plans, or at least those who have recently retired and are getting their finances in order. It’s fairly natural for people to think that they don’t need to worry about estate planning until they reach that stage...
How do irrevocable trusts protect assets from creditors?
When you leave your heirs assets and property through a will, you expect them to properly manage the wealth you worked so hard to acquire and, if possible, pass it down to future generations. However, unexpected life events can come in the way of that. Picture a...
How do I choose the right trustee for my estate?
Including a trust in your estate plan can give you more control over your assets even after passing on. Once you set up a trust, you need to figure out how it will be managed. And this is where a trustee comes in. A trustee is an individual or entity that acts as the...
After you pass away, who pays the bills?
When someone passes away unexpectedly, they probably have a lot of outstanding bills. This can also be true even when the passing is expected. It’s simply very difficult to take care of everything in advance because you can’t necessarily predict exactly when this...
Why do people count on trusts for estate planning?
When some people think about estate planning, they only consider wills. They may not automatically think about trusts. There are some very specific benefits that trusts provide that aren’t associated with wills. Understanding a few points about trusts is important so...
Should you wait until you retire to do your estate planning?
You know that you want to make an estate plan because you have heirs that you love, and you're going to pass your assets on to them. In fact, you're hoping to sit down and talk with your heirs about a lot of your assets so that you can all work together to create a...