If you already have a will, you understand the importance of ensuring everything is for your family in case the unexpected happens. Over time, things change, the size of your family, your assets, your place of residence, and your employment status, for example. If you’ve experienced some major life changes or if it’s been a…
What is an estate plan? No matter how much we prepare mentally, most of us are never truly ready to pass away. There are many things to consider regarding how your family will carry on after you’re gone, including finances. Nearly 70 percent of Americans don’t have a plan set up for after they pass…
No matter our financial status, we all need to consider estate planning. If for nothing, a properly planned and executed estate could save our family’s prolonged litigations after our death. It can also provide families with some financial security and peace of mind. The sad thing is that most people don’t consider this for reasons…
We often don’t think about our future until it’s too late. And when it comes to estate planning, it is never too early to have a solid plan. While it may not be pleasant to think about, life is unpredictable. When we near the end of our life, we need to make sure our assets…
Statistics show that 68% of Americans don’t have a will in place, putting their affairs at risk of probate and lots of hassles for their heirs. You’ve already done the hard work and created an estate plan, and you might be feeling like you’re already ahead of the game, right? Well, it is an excellent…
An estate plan is a comprehensive plan you have created showing how you want all of your assets handled after death or when you’re incapacitated. Estate planning ensures that all of your beneficiaries receive your possessions and other assets in a way that minimizes income and estate taxes. When you don’t have your own estate plan,…
What are the Steps to Being a Conservator? Did you know that there are around 1.3 million active cases of guardianship and conservatorship in the US? While it may often hit the headlines in the mainstream media, conservatorship does serve an essential purpose. But do you know the responsibilities of a conservator? The process is not…
What Is A Beneficiary Of A Living Trust? The terms for each role in a living trust oftentimes get confused with each other. Sometimes people mistakenly believe that a trustee is a beneficiary and vice versa. While this confusion is common, it can cause some misunderstandings amongst family members. Through this article,…
This question is often asked by clients both during the estate planning process and in the trust administration process after someone has passed. Through this article, we plan to clear up a bit of the confusion surrounding this important role. When someone decides to create a trust, whether it be a revocable living trust or…
If you have been a reader of our newsletters and blog articles for any period of time, you know we offer many solutions to avoiding probate. However, you should be equally concerned with avoiding conservatorship, for many of the same reasons. If you have ever gone through the conservatorship process for a loved one, you…
