When establishing a trust, you need to give serious thought to choosing your successor trustee—the person who will administer your trust once you’re no longer able to do so. This individual ideally should be: Someone you trust implicitly. Someone who…
As a new parent, you want to ensure your new baby’s future in every way. For most new parents, a will is the last thing on your mind. Many new parents struggle to figure out what steps they need to…
When you’re in your 20’s and 30’s and in good health, it’s easy to feel invincible and believes that nothing will ever happen to you. So it’s easy to justify deferring estate planning. Why worry about a long-term financial strategy…
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…
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…
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…
A common question that I am always asked – what’s the difference between a will and trust? Below are the basic differences: What Revocable Living Trusts Can Do – That Wills Can’t Avoid a conservatorship and guardianship. A revocable living…
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.…
Philip Seymour Hoffman was a talented actor who was known for his roles Boogie Nights, Almost Famous and Along Came Polly. He even won an Oscar for best actor for his role in Capote. However, like many talented actors, Philip…
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…