It is easy to think of a trust as an account that holds assets, but the true definition is that it is a legal document that sets out the holding of assets. A trust is more like instructions than an actual tool. Once you understand what a trust is, you can begin to...
Our Top Priority Is Your
Security And Peace Of Mind
Estate Planning
How can a medical or financial power of attorney help you?
As you age, you become more vulnerable to illness and complications. In some cases, these illnesses may incapacitate you physically or mentally. If you cannot make financial or medical decisions, then you have to depend on someone else. According to U.S. News, a power...
Do you know these common estate planning mistakes?
It is vital to have an estate plan, even for recent college graduates, but it is even more important to have a well-written estate plan. Do you know which blunders to avoid while tending to the task? Kiplinger explores common estate planning missteps. Explore them to...
How special needs trusts protect your child with a disability
When you have a child with a disability, you may have to consider how your child might support himself or herself once you are not around to help. Many parents of children with disabilities seek to help secure the futures of their children by creating something called...
What are reasons to appoint backup executors?
Choosing a person to be the executor of your estate may feel like the crowning touch of your estate plans. Composing a solid will and appointing a good executor can do a lot to shorten the probate process. However, selecting just one individual to be your executor...
The right trust for the right outcome
You do not need to know everything about trusts in order to get the right one. You just have to know as much as possible about your situation. These are personal instruments. They should fit your precise circumstances. The good news is that the field narrows...
Choosing beneficiaries for an estate plan
When people get to the part of their estate plan where they need to select beneficiaries, they may feel pressure to include everyone. While there is not a limit to the number of beneficiaries a person can choose, knowing their options can help them to make informed...
How can you help your children avoid an estate battle?
While you, like most parents, probably have high hopes that your death will not prompt sibling disputes over assets, the truth is that such disputes are common. Unfortunately, such disputes often end up in costly and lengthy legal battles. The good news is that, with...
Does an 18-year-old need to think about estate planning?
Yes. You may think you are too young, but these legal documents are about more than deciding who gets your money when you die. They outline who can make decisions for you when you are not physically present or mentally capable of making them yourself. Imagine you...
Should I put my adult child on the deed to my home?
A major driving force behind estate planning is avoiding probate. Probate can be very time-consuming and expensive for your heirs. Not to mention, if your assets are in probate, your heirs cannot access those assets if they are in need. Doing as much as you can to...