During the estate planning process, you will realize that you can leave a legacy. It’s an incredible feeling to know that your existence on this planet made a difference. Here is a guide for estate planning beginners: 3 easy ways to leave a legacy. 1. Leaving a Legacy: Start with your own family If you love music, leave a fund to pay for your grandchild’s music lessons. Pass along a specific gift that represents your time with a loved one (i.e. the wood working tools you used to teach … [Read more...] about Estate Planning for Beginners: 3 Easy Ways to Leave a Legacy
Is a Revocable Living Trust for Me?
When creating your estate plan, you may consider utilizing a revocable living trust. While this important estate planning document has many benefits, there are also some reasons why you may not decide to use a revocable living trust in your own planning. Take a look at some of the information below to help you better decide. If you have any questions or if you’d like to create a revocable living trust, meet with an estate planning attorney. You may wish to create a revocable living trust … [Read more...] about Is a Revocable Living Trust for Me?
Inheritance Planning For Small Business Partners
One of the reasons why it is a good idea to work with an estate planning attorney when you are planning for the future is because of the fact that every situation is unique. There is no one way to go about it, and estate planning attorneys are cognizant of all of the different financial instruments, vehicles of asset transfer, and contractual strategies that exist. With this in mind, partners in small businesses are faced with specific challenges that others are not. Many people who are … [Read more...] about Inheritance Planning For Small Business Partners
Estate Planning for Beginners: 9 FAQ (part two)
Your estate planning attorney welcomes your questions. And while he is not trying to turn you into an estate planning expert, he knows that you will feel more comfortable with your estate plan if you have your questions answered. To this end, we are providing the answers to four frequently asked questions. Please see “Estate Planning for Beginners: 9 FAQ (part one) for the answers to more questions. 1. Why do I see so much about avoiding probate? If you’re like most people you like to … [Read more...] about Estate Planning for Beginners: 9 FAQ (part two)
Estate Planning for Beginners: 9 FAQ (part one)
Your estate planning attorney welcomes your questions. And while he is not trying to turn you into an estate planning expert, he knows that you will feel more comfortable with your estate plan if you have your questions answered. To this end, we are providing the answers to five frequently asked questions. Please see “Estate Planning for Beginners: 9 FAQ (part two) for the answers to more questions. 1. What is probate? Probate the court process by which the court determines the validity … [Read more...] about Estate Planning for Beginners: 9 FAQ (part one)
