Estate planning lawyers are very good at telling their clients what they can do to accomplish their goals and how best to take advantage of the legal opportunities available to them. But your attorney will only be able to advise you about your options. It’s up to you to determine what you want. For people creating an estate plan, your choices will often include concerns other than the legal or the financial. In short, it means developing a legacy plan. Legacy Planning Do you have strong … [Read more...] about Use Your Estate Plan to Cement Your Legacy
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Need More Information About an Estate? Consider These Options
An estate is the collection of property a person leaves behind after death. Estates include both assets, such as real estate or bank accounts, as well as debts and other liabilities. The legal process that governs estates is called probate, and each state has its own set of probate laws. If you want to find out about an estate that has been submitted to probate there are several possible ways to do this. Contact the Estate Administrator Every time someone dies someone else has to open a … [Read more...] about Need More Information About an Estate? Consider These Options
Doctors More Than Three Times as Likely to Have Living Wills
An article from the Wall Street Journal last year showed exactly how big a difference there is in how people use advance directives, such as living wills and health care powers of attorney. According to the article about 64% of physicians have created some kind of advance directive, while only about 20% of the general public has done the same. While the cause of this discrepancy could be due to a number of factors, the daily exposure that doctors have to medical treatments and the knowledge … [Read more...] about Doctors More Than Three Times as Likely to Have Living Wills
Estate Planning or Dynasty Planning?
For many people, especially those with family-owned businesses that have been in the family for generations, estate planning is more than just about choosing how you wish to pass your property on after you die. It’s also about ensuring that your family will be able to maintain the business and keep a positive relationship with wealth so that they can keep the family legacy strong. People in this kind of situation will want to focus on dynasty planning as a key part of their estate … [Read more...] about Estate Planning or Dynasty Planning?
Can I Make My Own Trust?
Maybe you’ve looked into estate planning and have come the conclusion that you would benefit from creating a living trust. Congratulations, you’ve taken a step that many people never get around to taking. You’ve also chosen to take advantage of an opportunity that goes wasted for far too many. But before you decide to go to a legal services website or use a do-it-yourself guide, you should take a moment to balance “can” with “should.” While you are entirely within your rights to create your … [Read more...] about Can I Make My Own Trust?
