Upon your death, assets held in the living trust can transfer using the trust administration process. Assets held outside of the trust, on the other hand, would need to be addressed in some other way.
Divorce significantly affects your estate plan. Therefore, it’s crucial to take timely action to revise it. If you’re going through a divorce or have recently finalized one, it may be time to review and update your estate plan.
Being an executor of a will is a significant responsibility, requiring dedication, integrity and, often, legal and financial proficiency. Whether you’re preparing to serve as an executor, need to appoint one, or seek to create an effective estate plan, professional guidance can ensure that your estate is managed according to your wishes and the law.
Like your preventive doctor visits, you should regularly check in on your estate plan to ensure that it’s in good shape for when it’s needed.
Understanding the difference between guardianship and conservatorship is crucial for protecting the interests of those unable to make decisions for themselves. Whether you are planning for the future or seeking immediate assistance, take appropriate steps to ensure that your loved ones are cared for, and your estate is managed according to your wishes.
A living trust (also called a revocable trust or revocable living trust) can be beneficial to a much broader group of Americans than most people expect.
Will an asset protection trust protect your assets from creditors, lawsuits, or other financial risks? If you’re considering an asset protection trust or want to learn more about how it can fit into your estate plan, this article will guide you to the next step.
At some point, you’ll want to share your estate plans with your loved ones—and the first step in this process may be to hold a family meeting.
While last-minute estate planning poses challenges, some steps can be implemented to tackle crucial considerations.
Collect and organize all important papers, passwords and pin numbers, keep them up to date and tell your heirs where to find them.
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