Revocable Trust or Irrevocable Trust: Which One Do You Need?
Do you need a revocable or irrevocable trust? No matter what happens throughout your life, you are going to leave behind assets for someone when you die. You should always leave behind a legal document to guide how to distribute those assets. Another thing you should do to protect your assets is to put your…
Will v. Estate Plan: What Is the Difference?
Do you know the difference between a will and an estate plan? Did you know that more than 50% of Americans do not have an estate plan or will in place? Many people wonder if they need estate planning if they are young or do not own much. Read on as we answer that question and look at…
5 Common Mistakes When Writing a Will
There are five common mistakes when writing a will. Despite the importance of estate planning, a majority of Americans seem to neglect it. In fact, 60% of American adults do not have a will. Having more than enough to worry about already, many people do not want to add their mortality to their list of…
Not a DIY Job: Why You Need an Attorney to Write a Will
This is not a DIY job. Here’s why you need an attorney to write a will. About 60% of Americans do not have a will or a living trust. Granted, thinking and planning for the end of life is not something anyone would be enthusiastic about. So, while most people know they should, they wait until…
Estate Planning Tips for Parents
In the excitement of having a baby, we often forget to plan for the unexpected. Luckily for you, we have four estate planning tips for parents to help you do precisely that. Appoint a Power of Attorney When there is a newborn on the scene, it is essential you and your partner execute a power of…
What Is a Durable Power of Attorney?
What is a durable power of attorney? A Power of Attorney designation gives someone the right to make decisions on your behalf in a number of different matters. A Durable Power of Attorney allows for that decision-making to continue, for the designated medical and financial issues that it covers after you become incapacitated or are mentally unable…
What Is The Difference Between Each Power of Attorney
A power of attorney is a document that gives someone else the authority to take care of decisions or transactions that you would typically take care of yourself. These documents usually are meant to go into effect should the person who initiated them become incapacitated due to illness or incapacity; often due to age. Each…
Who Will Help You Take Care of Your Estate If You Become Incapacitated?
Who will help you take care of your estate if you become incapacitated? You have provided for and protected your family for many years. However, when your children grow into adulthood, you will still have a legacy to protect. You will want to make sure that your estate remains a testament to your dedication and…
On The Hunt: How to Find the Best Estate Planning Lawyer
Putting together a will is something that no one wants to think about, but it is crucial when it comes to handling your wealth and finances. Planning your estate requires the help and experience of a lawyer. They will help you make sense of the process so that you and your family members are covered….
Five Signs it is Time to Update Your Estate Plan
Is it time to update your estate plan? It is estimated that 58 percent of the baby boomer generation (those between the ages of 53 and 71) have an estate plan in place. However, once created, many people do not realize that updates may be needed from time to time. As a person ages and…
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