#estateplantrusts

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Failing to Designate Beneficiaries on Assets #estateplantrusts

[ad_1] There are many ways in which hiring an estate planning attorney can help you to navigate the often treacherous landscape of estate law. One in particular is in understanding the necessity of designating beneficiaries for all of your accounts. Regardless of how polished your Will might be, or how clearly you have designated and divided your estate among your loved ones, failing to ensure…

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Protecting Your Unmarried Partner #estateplantrusts

[ad_1] Living together while remaining unmarried has never been more popular. According to the 2009 Census data, over 6.4 million opposite-sex unmarried couples live together (which translates into 12.8 million people). There are an additional 750,000 same-sex unmarried couples in the United States (which translates to an additional 1.5 million people). This is a whopping 92% increase since 1990.…

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Why Holding Assets in Living Trust If You Become Incapacitated is Preferred #estateplantrusts

[ad_1] One of the great benefits of having a trust as your estate planning document, instead of a last will and testament, and holding assets in living trust is the property management you get if you become incapacitated.  If you own assets outside of a trust and become incapacitated to the point you cannot manage your finances, a court will appoint someone to do it for you.  This may be the last…

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Do I Need a Living Trust? #estateplantrusts

[ad_1] Do I need a living trust is usually the first question I get from new clients in my law practice. Glen and Joan were no different. As usual, I opened their estate planning meeting with education. I strive to teach clients about their estate planning options. The two most popular are the Will and the Revocable Living Trust. When I explained the living trust to Joan and Glen their comment…

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Powers of Attorney Fail to Prevent Guardianship #estateplantrusts

[ad_1] A general durable power of attorney (GDPOA) is often suggested as a means to avoid guardianship, or “living probate.” Although such a document is an important tool in a comprehensive estate plan, the GDPOA alone, or coupled with only a Last Will and Testament, may not provide the protection the maker seeks. A GDPOA is a legal document that allows the “principal” to appoint another person…

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Why A Living Will Is An Essential Part Of Your Estate Plan #estateplantrusts

[ad_1] What are your chances of…Winning the lottery? Writing a hit song? Having someone make medical decisions for you? The first two may be unlikely, but more often than you may think, a stranger may make life or death decisions for you. There is a simple way to avoid this situation, but many people put if off for various reasons. What is it? A living will. A living will is your written…

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Wills VS Living Wills #estateplantrusts

[ad_1] What is a living will and is it the same as a will? No, its the the difference of life and death. THE LIVING WILL A living will is also called an “Advanced Medical Directive.” It is a legal document created to make clear your wishes if you become incapacitated and are unable to convey your wishes. A Living Will allows you the peace of mind knowing that your wishes will be followed while…

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All About Primogeniture #estateplantrusts

[ad_1] According to common law, primogeniture is the right of the first born son to inherit the entire estate of the family regardless of other siblings. This system of inheritance began in 1066 in England, when the Normans brought the practice with them. According to this tradition, if no children resulted from a union, then the belongings of the deceased would go to blood relatives, in order of…

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