You have decided it is time to begin estate planning. You have called a dedicated, local estate planning attorney and made an initial appointment. You have taken a valuable step towards putting critical legal protections in place that will safeguard and promote your wishes for a future you want for both...
Category: Estate Planning
Who Should Be Your Financial Agent Under a Durable Power of Attorney?
When you appoint a financial agent under a durable power of attorney, you are granting that person the authority to step into your shoes as they carry out important financial and legal tasks on your behalf. As such, it is important to fill this role with the right person. It is one...
Remember Your Car When Estate Planning
A big part of estate planning will be going through your assets and deciding not only who you want to get what, but how you want this transfer to occur. After a house, a person’s car is usually one of their more significant, tangible assets. As such, it can be a...
Have You Updated Your Estate Plan Lately?
Putting a comprehensive estate plan in place is important for everyone. While everyone’s estate plan may look different, it will likely include things like tools for distributing your assets when you die, such as a will or a trust. It will also likely include other important legal documents such as advanced...
Estate Planning Mistakes You Can Avoid
If you have made the decision to establish your estate plan, congratulations on taking an important step to protecting and promoting a future you want for yourself and your loved ones. The legal tools used in estate planning can play a critical role in furthering your goals and bringing you peace...
Creditor Claims During Estate Administration
Part of the estate administration process is taking steps to ensure that debts of the estate are verified and paid. That is why the creditor claims process is such an important part of probate. Let’s take a look at what this process looks like.
Creditor Claims During Estate...Simplified Probate for Small Estates
Probate is a burden that falls on many after the death of a loved one. It can be a frustrating and time-consuming process. It can also be a costly one. Fortunately, there are many ways to plan your estate so that the bulk, if not all, of it avoids probate completely....
Bitcoin Estate Planning Basics
Since cryptocurrency came into existence over a decade ago, even the most reluctant of investors have started to consider joining this market. It took some time for Bitcoin and other cryptocurrency to gain widespread believers, but it has happened. More and more people are holding cryptocurrency among their assets. Digital holdings, in...
Incentive Trust Basics
Considering the legacy you wish to leave your loved ones is a big idea to grapple with when you are estate planning. While you may be certain that you want to provide financial resources to your beneficiaries after you pass away, you may worry about how they will spend the inheritance you...
Irrevocable Trust Basics
If you have only just dipped your toes into the world of trusts, you may find yourself slowly backing away as the sheer amount of information can be overwhelming. There are many different types of trusts that can serve a variety of purposes. Knowing what is what can quickly become confusing when...