You’ve worked hard and have begun to acquire wealth. You’ve even have a will to make sure that your assets go to your family. You think you’re all set. Unfortunately, a common misunderstanding is that your will encompasses and controls all of your assets. This is simply not the case. 5 Things a Will Does …
A trust can be an important part of your estate. Trusts allow you to avoid probate, minimize taxes, provide organization, maintain control, and provide for yourself and your heirs. In simple terms, a trust is a book of instructions wherein you tell your people what to do and when. While there are many types …
Considering all the types of trusts available, creating an estate plan can seem daunting. This is one of the main reasons by people tend to avoid taking the steps to their estate plan done. Here’s a look at the basics of ten common trusts to provide a general understanding. There will not be a quiz …
One thing every parent know is that their children crave attention. And if you have more than one child, then you know the attention needs to be equal. The game to get your attention can take place with your estate plan. An inheritance can viewed in the eyes of children as a last accounting of their parent’s …
Read MoreCan an Estate Plan Treating Children Differently Still Be Fair?
Most people agree that having some sort of estate plan is a good thing. However, many of them haven’t taken any steps to get an estate plan in place because they don’t understand the nuances between wills and trusts – and dying without either. Here’s what will generally happen if you don’t do anything (no …
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