When you’re young, it’s easy to think of your life is like the ocean— stretching out in front of you as far as your eyes can see. You know it ends somewhere, but that end point seems so far away as to be irrelevant to your life now. That perspective is the reason why so … Read more
If you have decided to create a revocable living trust instead of a will, you’re probably hoping to avoid probate court, save your heirs some hassle, and keep your estate private. Now it’s time for the hard part— you need to fund your revocable living trust. To fund the trust, you essentially change the title … Read more
The idea of not creating a will may seem startling, even unwise. However, a revocable living trust can often serve as a substitute document, standing instead of a will. Why would someone choose a revocable trust over the tried-and-true traditional will? There are a few key reasons to consider a living trust, and a few … Read more
You have decided to be proactive and set up an estate plan to protect yourself, your assets and the people you love. However, as you consider all the different options, you may run into some confusing terminology. One estate planning topic that you’ll likely encounter is a Trust and the various types of Trusts, including … Read more
As you considered your estate plan, perhaps you did some research and decided that a trust might be the right fit for you and your assets. You may have heard people talk about “funding a trust”, “transferring funds to a trust” or “moving assets into the trust.” Those phrases may have you thinking of the … Read more
Estate planning for single adults can be a little more complex when compared to a married couple. If you have minor children, you have to designate guardians for them. If you’re child-free, you have to think about whom to choose as your beneficiaries. The number of decisions involved may seem overwhelming, but when you have … Read more
When you’re going through the estate planning process, you have a lot of options to consider. One such option is the revocable trust or living trust, which is a substitute for a traditional will. While some people choose such trust for excellent reasons, others do so because of revocable trust myths. Educate yourself about the … Read more
Few people spend much time thinking about their own mortality; but on occasion, it’s essential to consider that inevitable event. If you have children of your own or young relatives with whom you are close, planning and thinking ahead is even more important. Wills One way to leave money or possessions to your children is … Read more
Whether you already have children or you’re planning to start a family soon, you have probably pondered your kids’ futures and wondered how you can smooth their pathway to higher education. Many parents consider it part of their responsibility to help fund their child’s college tuition. It’s one way of setting your kids up for … Read more
Who knows what the future holds? It’s full of possibilities, both exciting and frightening. That’s why you’re making a plan to provide for your loved ones. Hopefully, you have a will, power of attorney for health care, financial power of attorney, and other key documents lined up and ready in case something happens to you. … Read more