Careful estate planning helps the transfer of a person's assets to their beneficiaries with lower court costs and legal fees. Proper planning also avoids family disputes over an inheritance, or a protracted will contest.Procrastination is among the biggest planning...
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Month: June 2019
Some trust basics
A trust is an important part of estate planning. There are important things to know about trusts related to planning an estate or when a person becomes a beneficiary.Identifying the trustee, the person who holds the assets of the trusts and administers them for the...
Planning can help assure final wishes are met
An estate plan can help assure that a person's assets are preserved and distributed appropriately after their death. Researchers have also discovered that careful documentation of a patient's end-of-life wishes, such as executing a health care power of attorney, can...
Is your parent’s will valid?
In dealing with the aftermath of a parent dying, an individual may have a lot of questions about the last will and testament. Whether he or she is managing the estate or simply a beneficiary, there may be doubts about the validity of the document. Heirs or other...
What is a living trust?
Estate planning is not limited to executing a will. A living trust is a flexible method for protecting property and placing it under a trustee's management.A trustee is appointed to manage a living trust and assure that its assets are distributed to the appropriate...