A trust is the ideal estate planning tool if you wish to protect your family fortune or keep part of it for future generations. It eliminates the risk and uncertainty of doing so with a will while giving you more control over the future of your estate. The asset protection capability a trust offers is…
When you’re making an estate plan, it’s important to consider your medical wishes in the future. Estate planning is not all about financial assets. You may become incapacitated and you need to have some sort of medical plan in place. When you do this, you create an advanced directive. There are multiple options to do…
Do you know what an estate plan is? If you’re unaware, then you should know that an estate plan includes a will, which details your last wishes: how your assets are distributed and funeral arrangements. In addition, your will should include an executor of your estate to help maintain and distribute your assets to your…
People often think about writing a will when they start to consider estate planning. They know that they have certain assets, and they want to write out instructions for who should get those assets when they pass away. This is a good place to begin with estate planning, but it’s a mistake to think that…
You are not obligated to include anyone in your will or leave them any assets at all — but, if that’s your goal, you need to go about it in the proper manner. To some degree, you could consider just failing to mention the person entirely. Your will states who is supposed to get your…
