Three Ways To Make Life Easier For Your Family
1. Create an Estate Plan An estate plan can include a last will and testament, powers of attorney, as well as other important documents which can make life easier for your family, not only when you die, but also while you are still alive! None of us wants to think about our own mortality but […]
Don’t Hope For An Inheritance, Ask For It
A Massachusetts court has ruled that simply rendering help or services to someone in the hope that it will result in a payment from that person’s estate is not enough to guarantee payment. In this case, reported on elderlawanswers.com, Suzanne Cheney performed many services for her stepfather, Anthony Turco, and expected to receive a share […]
Three Reasons You Need An Estate Plan
Sometimes when people think about an estate plan, they think of only a last will and testament, but an estate plan is much more than a will. Especially since all of an individual’s assets can sometimes be distributed without a will. More important are the other documents that comprise an estate plan such as a […]
How to Preserve the Vacation Home for Your Family
Estate planning is about more than passing on assets, it is about passing on a legacy, and a way of life. As a recent article explains, one way parents can pass on their way of life is to preserve the family vacation home for their children. There are two common concerns parents face when determining […]
The Five Benefits of a Revocable Trust
Trusts are an important part of estate plans large and small. Unlike a will, a trust allows a person to manage and distribute assets in life, as well as in death. A recent article discusses why everyone needs a revocable living trust, and what the benefits of these trusts are. 1. Probate Avoidance Many people […]
Prevention is the Best Medicine & Why You Should Consider a Corporate Trustee
Revocable living trusts are a powerful and commonly used estate planning tool. Whenever a trust is created, there is also an accompanying position created called the trustee. The trustee is a person or entity appointed within the trust document that is responsible for the administration and management of the trust. The trustmaker usually […]
California Intestacy
Intestate succession, also known as intestacy, is the process of distributing a decedent’s assets when the decedent did not execute a last will and testament or distribute property through another instrument. State law determines how to distribute assets under intestacy, because the decedent left no other guidance for how he or she wants them distributed. […]
Three Ways to Plan for Your Collection
Many people spend countless hours and dollars building up various collections. Although these collections often have significant sentimental and monetary value, the owners often forget to include the collection within their estate plans. A recent article discusses three ways that you can plan for your collection. Sell the Collection This is obviously the most difficult […]
13 Estate Planning Situations That Call for an Annuity
Many estate plans are designed with the purpose of providing assets for an individual’s loved ones. One popular estate-planning tool through which this goal is often accomplished is the annuity. A recent article discusses 13 situations in which an annuity is the ideal estate-planning tool. Purchase of a Single Premium Immediate Annuity (SIPA) by a […]
Don’t Wait to Plan
Estate planning is for everybody. As a recent article explains, an estate plan is “a set of legal documents that allows you to leave instructions regarding your care if you can’t speak for yourself and distribution of your assets if you die.” These documents are important for everybody, no matter how rich or poor. A […]