Living trusts, or revocable trusts, are often established to prevent the probate process over a loved one’s assets after they die. Colloquially, it is known as a “will substitute.” A will dictates the terms that go into effect right after you die. While a trust
An estate plan is key to guaranteeing that all of your best interests are met when the time comes. The very first step to planning for your future pertains to making the decision to create an estate plan. This plan typically includes drafting a will,
Tips 1&2- Prepare for Your Future by Drafting a Will and Selecting an Executor Drafting a will is essential to the distribution of your assets upon your passing. This document gives you the ability to decide exactly how your estate will be managed upon your
How to discuss estate planning with your loved ones this holiday season? With the holiday season coming around and the gathering of family members you probably have not seen in quite some time, it is the perfect time to discuss estate planning for the future.
Young Individuals Seem to Believe Life is Endless: Young members of society are constantly focused on the present and the upcoming near future. It is highly unlikely that a 30 year old has begun planning for his potential death. In fact, many young individuals follow