Category: Estate Planning
Trusts are sometimes difficult to understand but acquiring that knowledge can be very beneficial. When a person learns they may need to set up a trust, the terminology can be challenging but there are some common trust types as the Motley Fool recently discussed in “Navigating the World of Trust Funds: Your Quick Guide.” The […]
If you avoid basic estate planning mistakes, you have a better chance of making sure your estate goes to the right people. Mistakes may happen even when people put in their most diligent efforts to avoid them. On the other hand, there are some estate planning mistakes that are easily avoidable. CNBC recently wrote about […]
There are many options when estate planning and a revocable living trust may or may not be a good option for you. The Motley Fool recently discussed the benefits and drawbacks of revocable living trusts in “Is a Revocable Living Trust Right for You?“. The biggest benefit of a revocable living trust is that your […]
When it comes to estate planning, a “simple will” is often the starting point for many. But it’s important to understand that a simple will can cover basic needs but may not be right for everyone especially those with more complex situations. As noted in a recent article from The Courier-Journal, “Thank You and Simple […]
There are many ways to transfer assets but you still need a will. There are a number of ways to transfer assets from one generation to another but as Forbes explains in “Do You Really Need A Will?” there are still many reasons to have a will. Anyone with minor children should have a will […]
New Hampshire librarian leaves millions to university. Generally speaking, librarians don’t leave a lot of assets behind when they pass away yet they sometimes do as My Central Oregon reports in “Librarian Quietly Saved $4 Million, Left it to School Where He Worked.” Robert Morin read a lot of books even to the point of […]
Setting up a trust takes work, effort and time but the results can solve a lot of problems. Creating a trust can be time-consuming but the efforts almost always pay off as reported in the Green Bay Press-Gazette article “Setting up a trust is worth the work.” The two biggest advantages to a trust are […]
The basics of a trust can be of great help in estate planning. The Motley Fool recently discussed some of the basics of the use of a trust in estate planning with its article “What Is a Trust Fund?”. The benefits of a trust and the advice for using them can be found in many, […]
What a person really needs to know about starting an estate plan is knowing the basics and finding a good attorney. Realtor.com recently published a list of estate planning basics in “7 Things Your Estate Planner Wants You to Know Before You Die,” in order to clear up some of the confusion that faces non-lawyers […]
Your estate plan can become unworkable unless you follow some simple steps. After you have worked with an estate planning attorney to create a good plan, your work is not quite completed as recently explain in the article published by Reading Eagle in “Office Space: 4 steps to a perfect estate plan.” To make sure […]
