If you are not especially wealthy, you may assume that you should use a last will to arrange for future asset transfers. A last will is the most commonly utilized estate planning document, but many people do not understand all of the facts when it comes to the postmortem process. Probate Things aren’t as simple as they may seem to be on the surface when it comes to the use of a last will. When you create a will, you name an executor to act as the estate administrator. The executor cannot … [Read more...] about Why Would I Want a Revocable Living Trust?
Blog
Why Would a Supplemental Needs Trust Be Used?
A supplemental needs trust can be a useful addition to your estate plan if you want to provide for a loved one who has a disability. In this post we will look at the details. Unintended Consequences In a general sense, you should definitely act in a fully informed manner when you are making estate planning decisions. People sometimes make assumptions, and unintended negative consequences can result. Let’s say that you have someone with special needs on your inheritance list. You decide … [Read more...] about Why Would a Supplemental Needs Trust Be Used?
What is Probate in New York?
What is Probate in New York? from Michael Robinson When you are planning your estate, you should understand a bit about probate. Learn more about New York probate in this presentation. … [Read more...] about What is Probate in New York?
What is Estate Planning?
What is Estate Planning? from Michael Robinson When you are planning your estate, you should also prepare for the end of your life. Learn more about New York estate planning in this presentation. … [Read more...] about What is Estate Planning?
What Is a Payable on Death Account?
There are many different ways to facilitate future asset transfers, and some of them are more effective than others. Before you make any decisions, you would do well to discuss your options with a licensed estate planning attorney. People sometimes make assumptions without enough information, and they accept incomplete solutions. With this in mind, let's look at payable on death accounts. POD or TOD Accounts Payable on death accounts are alternately referred to as transfer on death … [Read more...] about What Is a Payable on Death Account?
