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Category: Estate Planning

Why Should I Set Up a Trust Fund?

Over the years, many studies have shown that more than two-thirds of Americans have little to no estate planning. One aspect of estate planning that often is overlooked are establishing trusts. Trusts are used for several purposes and offer many benefits to an individual looking to protect their assets and their loved ones. A trust …

When Is a Will Probated?

A will can be a terrific legal tool for ensuring your estate’s assets smoothly transfer to your chosen beneficiaries upon your passing. A will that is witnessed, names an estate executor, and is filed lawfully helps to protect your assets while ensuring a financial legacy for your surviving beneficiaries. A well-designed and lawful will typically …

Are the Holidays a Good Time to Review My Estate?

The November and December holidays are times for celebrations and when people think about the important things in life. These important things can include your loved ones, helping others, and making sure that your legal and financial affairs are in order. While things can get quite busy, there are opportunities to see family members and …

Estate Planning with Cryptocurrency

Estate planning can be a time-consuming, complicated process that could end badly if all aspects of the estate and correlating legal aspects are not carefully considered. If estate planning were not complicated enough, the digital age has brought about cryptocurrency, changing the game. Cryptocurrency has added a layer of digital complexity to the traditional business …

How Do I Change My Will?

A will is the document that sets forth your wishes about how your assets should be distributed and how any minor children you have will be cared for if you pass away before they reach adulthood. It is an important estate-planning tool and a critical form of protection for your family and your property, but …

How To Decide who will Inherit the Family Home?

Deciding who will inherit the family home can be a difficult task. Besides the inherent value of the property that is involved, family members form emotional attachments to the places that they grew up and spent so much time in. The most common scenario used to be older parents living in houses by themselves and …

What is the Difference Between Durable and Springing Power of Attorney?

Estate planning is something many people put off, but addressing this complex matter can bring peace of mind to you and your heirs. Knowing a plan is in place should anything happen to you makes managing and passing on your assets infinitely easier. One of the most important parts of estate planning is the power …

What Are the Different Types of Trusts Used in Estate Planning?

Planning for one’s death is never a fun topic to dwell on, but it is a necessary and also a wise thing to do. No one can know when they are going to die. That is why a reasonable person should put together a plan, in writing, as to how they wish their property to …

What is the Difference Between an Advanced Directive and A Living Will?

One of the most important things you should do pertaining to your estate and end-of-life planning to have a last will and testament as well as an advanced healthcare directive. If you speak to any lawyer, they will tell you it is very important to have both of these things, especially if you have children. …

What Is the Best Way to Split My Estate for My Children?

When people die, they can leave behind many assets. These assets may include real estate, vehicles, life insurance policies, financial accounts, and much more. Together, they make up the deceased person’s estate. No matter how modest or large your estate, you probably have some ideas on who receives all or part of it when you …

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