Many people choose to create a trust when developing their estate plan. This is because a trust can be very beneficial and makes it possible for an individual to have control over his or her assets and how they’re handled. Take a look at the information below, to better understand the use of a trust. If you have any questions, or if you’d like to create a trust, contact an estate planning attorney to discuss your individual needs. The differences between a revocable and irrevocable trust If … [Read more...] about What is a Trust? (part 2 of 2)
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What Are the Duties of an Executor?
If you’re planning your estate and creating your will, you will have to choose a reliable executor to handle your estate’s affairs. It’s important to understand the duties that are required of an executor, so that you choose a trusted helper who is capable of handling all of your affairs. Take a look at some of the information below, to better understand the responsibilities of an executor. If you have any questions, or if you’d like help choosing an executor, contact an estate planning – … [Read more...] about What Are the Duties of an Executor?
What is a Trust? (part 1 of 2)
If you’re beginning your estate planning, you may be considering creating a trust. This can be a great planning tool that allows you to control your assets and determine how they will be distributed after your death. Take a look at some of the information below, to better understand the use of a trust. If you have any questions, or if you’d like to create a trust, meet with an estate planning attorney. What is a trust? A trust is a powerful estate planning tool that many people choose to … [Read more...] about What is a Trust? (part 1 of 2)
How Estate Planning Can Release You from Your Worries
Most people don’t think of seeing an attorney as a stress reducer; but, estate planning attorneys help clients just like you reduce stress every day. When you have a comprehensive individualized estate plan in place, you can put away that nagging voice of worry in the back of your head and sleep well at night. You’ll find that you have less anxiety during the day and will be able to focus on the tasks at hand. Worry is distracting, anxiety producing, and bad for your health. When you have a … [Read more...] about How Estate Planning Can Release You from Your Worries
Why You Need to Name Back Ups in Your Estate Planning Documents
You need to name back up trusted helpers in your estate planning documents because as life rockets along, people and circumstances change. For example, the trusted helper you named to raise your minor children may not be able to serve when the time comes. Jan was a single mom. She had a great relationship with her only sister, Becca. So, when Jan had her two children, Elle and Eric, she named Becca as their guardian in her will. Becca carefully considered the responsibilities and … [Read more...] about Why You Need to Name Back Ups in Your Estate Planning Documents
