Blog

Planning ahead is always beneficial when entering into a second marriage—especially when it comes to estate planning matters. Unfortunately, many people underestimate the importance of creating an estate plan when getting remarried, which can have serious and unintended ramifications down the line.

Estate planning is an important activity for every adult. In fact, the earlier you begin, the more likely you are to have in place what you need not only when you die but should you become unable to make decisions for yourself while you are alive. You can be young, in great health, and own few assets and still benefit from having your affairs in order.

There are always legal matters involved in the wake of a loved one’s death. Grief can often take a back seat to the probate process. Being informed about what happens to the debts of someone when they pass away may help lessen the stress and anxiety of those left behind.

A last will and testament, commonly referred to as just a “will,” is probably the primary document that most people associate with the act of designating who gets which of their assets once they are gone from this life.

If you have yet to begin the estate planning process, you’re probably not alone. Various surveys show that 40 percent or fewer of all Americans have created a last will and testament. A will, of course, is a legal document that names who will receive which of your assets when you pass away. It is the basic building block of estate planning. When asked why they haven’t started estate planning or even written a will, many respondents answer, “I don’t know how.” Others say they don’t have enough wealth to leave behind to anyone.

Estate planning is a critical part of being an adult and making some very tough decisions. An estate plan can provide instructions regarding how you want your final affairs to be handled after you pass away. Estate planning is crucial for providing you and your loved ones with peace of mind and eliminating uncertainties regarding the distribution of your property.

Common characteristics of Charitable Remainder Trusts and why you should consider them in your estate planning.

There are several basic characteristics and elements of trusts, including grantor, trustee, trust beneficiary, and more. Read on for more information regarding the various components of trusts.

The situs of a trust is its legal home. Flexible planning and drafting allows the trustee to change the situs of the trust. This blog goes further into detail concerning what the situs of a trust is.

There are several basic duties of a trustee, including identifying and assembling the trust assets, protecting the trust assets, and more. This blog details the various obligations of a trustee.