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.
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.
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 help avoid unwanted hospitalizations and health care intervention.
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.
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.
