Is a Trust a Good Idea for an Estate?
What will happen to your assets when you can no longer manage them?
What will happen to your assets when you can no longer manage them?
Preparing an estate plan for managing and distributing your assets in the case of death is one of the most important steps you could take to protect and provide for loved ones.
A common dilemma that families face upon the incapacity or death of a loved one is locating estate planning documents. While preparing the documents are the most important step, that is irrelevant if the documents are lost when they most need to be used.
In this article, we will address two terms which some people use interchangeably, but which are very different things: living trusts and estate plans.
Firearms are unique in this regard; guns are the only item of personal property that carry an inherent risk of legal peril, including potential criminal liability, so careful and deliberate planning is warranted.
Close to half of respondents earning $80,000 a year or more have a will, an increase of 7% since 2020, according to Caring.com.
When you set up your estate plan it is important to coordinate the legal planning documents that you or you and your attorney create with the document provided by your retirement account custodian and/or your life insurance carrier called a ‘Designation of Beneficiary.’
Estate planning is always a difficult subject to deal with, because who wants to arrange things for when they die?
When it comes to death and disability, your will alone might not be enough.
Dying intestate—without a will—may impose costs and delays on your loved ones. It can dynamite your estate plan, unless you made other plans.
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