Did you know that estate planning can protect a lot more than your human family? Your four-legged furry family members can also be covered and cared for specifically by your estate. Many people have specific plans and wishes for their pets after they pass away, from making sure they get adequate veterinary care, to ensuring …
About Pets Trusts: What They Are and How they Protect Your Pets Read More »
Understanding how trusts work is a key factor in your estate planning process. Trusts can be a vital part of protecting your assets while ensuring that your needs are covered while you age, and that those you leave behind are cared for when you’re gone. There are, however, two different kinds of trust, and each …
Revocable vs Irrevocable Trusts and How Each Is Used Read More »
“Probate” is an ominous sounding term that comes up whenever you have to settle the estate of someone who has passed away. It can be a long and frustrating process, but in the end, all it means is that the courts are making sure your estate is in legal order. We live in a complex …
“Am I too young to write a will?” It’s a common question, and all too often what it really means is, “I’m only in my 20s or 30s and I really don’t want to think about or face my own mortality just yet.” It’s often couched in excuses like not having that many assets yet, …
There are a lot of confusing concepts you might encounter when it comes to end of life and estate planning needs. Most people think that all they need is a quick will and they’re covered. Then they discover other terms like trusts, powers of attorney and the like, and suddenly what seemed straightforward suddenly gets …
Trusts are an essential tool in estate planning. They’re an outstanding way to ensure that your needs and wishes are met, while still protecting your assets from probate. It’s guaranteeing that those who rely on you will have their financial needs met. This can also include you, should you become disabled or otherwise unable to …
You’ve Been Named Personal Representative of a Will — Now What? Being named the Personal Representative of a loved one’s estate can be a great honor. After all, it means that they trust you with their final wishes. They think you honest, responsible and trustworthy enough to see to their final affairs. However, it can …
You’ve Been Named Personal Representative of a Will — Now What? Read More »
Estate Planning Considerations for Blended Families Blended families present a broad number of complications, and finances are just part of the issue. It can get even trickier when it comes time to make your final end of life plans. You may have children from previous and current marriage as well as stepchildren you wish to …
Estate Planning Considerations for Blended Families Read More »
The idea of placing a loved one in nursing care is an uncomfortable one for many people, for good reason. First, you’re trusting strangers — medically-qualified healthcare professionals but still strangers — with the day-to-day and long-term care of your beloved mother, father or elderly relative. Second, there are horror stories about nursing homes, like …
Estate planning is a stressful thing. Nobody likes to consider their own mortality, and making end-of-life plans puts it in square focus. However, it’s important for everyone to arrange these plans so that your descendants and assets are cared for, even ensuring that your affairs are kept in order should you become unable to make …
The Pros and Cons of Using a Trust to Protect Your Assets Read More »
