Misconceptions about who needs an estate plan abound. Most people believe that estate planning is only for extremely wealthy business moguls or celebrities. But that could not be further from the truth. Estate planning is the process of making decisions about what happens to you, your money, and your property when you pass away or […]
The two primary estate planning documents used to transfer your property after you pass away are the Will and the Trust. A will transfers property to beneficiaries after the will is presented to a probate court, and wills typically make outright distributions of property to your beneficiaries. A trust transfers property to your beneficiaries without […]
When you begin setting up your estate plan, it’s often beneficial for you to also set up a trust. The problem is, which trust to use – a testamentary trust or a living trust?
Dying without a will can cause a number of headaches for your loved ones. Absent a will, your property will be subject to distribution according to the statutory rules of intestate succession. And although the intestacy statutes are designed to take into consideration how the “average person” would distribute his or her property, they are […]
