Creating an estate plan for your heirs is necessary for your assets to escape probate. It enables you to put your assets into the hands of those you want to receive them. Failing to update your estate plan could cause significant damage and may thwart your desire to give your assets to your chosen beneficiaries….
Nine Items You Don’t Want in a Final Will
Most people either have or are considering writing a last will. It’s a legal way to spell out the distribution of your assets. It’s also a vehicle to tell survivors what wishes you have for your minor children’s care. Knowing what to put in your final will is essential. But if you genuinely want your…
Tips for Creating a Successful Revocable Living Trust and What to Avoid
May 3, 2022
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A revocable living trust helps you pass your assets on to your designated beneficiaries. What makes it attractive is that it can be changed at any time and beneficiaries or assets can be added or subtracted while you are alive. Before setting one up, there are some things you need to know. Reasons to Make…
Why Do You Need a Living Trust
April 24, 2022
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Passing on assets to one’s kin after passing away can be done several ways. Making a will is the most common method. It successfully passes your possessions to the designated individuals, but only after going through probate and estate taxes. A better method for some people is to make a living trust, which also provides…
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