Tag Archives: Will
State to State Estate Planning
Relocating to a new state often creates issues affecting estate planning. Many people wonder if they need a new will or trust when they move from one state to another. Although a will or trust validly executed in one state should be valid in a different state, it is a good idea to have the estate planning documents reviewed. By addressing issues related to the relocation, an individual can avoid certain problems and maximize possible benefits.
Changing Your Will or Trust
Although no one wants to create problems between beneficiaries of the estate, even small handwritten changes can create great problems.
Discussing Estate Planning with Loved Ones
I always advise my clients to let their family members know that they have done estate planning and where the documents are located. At a minimum … family members must know that planning has been done.
Family Planning: Helping With Ill Will
If you die without a will or trust, a court will decide … who will inherit your property. The result could well be contrary to your wishes.
Drafting Your Own Will or Trust
When people ask me if they can do their own estate planning, my simple answer is “yes.” There are many wills that were prepared by the decedent.
What is an Ethical Will?
An “Ethical Will” is a statement of personal values. It can set forth life philosophies, wishes, testimonials, almost any final message you want others to know.
What is a Personal Representative?
A personal representative is the person named in a Will to handle the Will-writer’s property after death. It is the name of the person often referred to as an Executor or Administrator.
Estate Planning in Uncertain Times
Getting your affairs in order creates a sense of peace. This can be especially true given the current uncertainties related to the Coronavirus. Here a three planning tools that bring greater peace of mind.
What is a Beneficiary Designation?
Beneficiary designations are contracts generally not governed by a will or trust such as life insurance policies, annuity contracts, IRAs, and other retirement plans.
Which is Better? Will vs. Trust
The revocable trust (aka “living trust” or “family trust”) is a popular way to plan for your future. However, despite the popularity, trusts are not without potential problems. In deciding what is best for your family and estate, here is some basic information about revocable trusts.
