Asset protection is an integral part of the estate planning process. All kinds of creditors can potentially stake a claim to your assets both before and after your death, yet proper asset protection planning can keep most of what you have out of their reach. Asset...
People often use the words “heir” and “beneficiary” interchangeably, but they aren’t really the same — especially when you’re talking about estates and inheritances. Both testators and their personal representatives should understand the difference between the two...
One question you may have had is why you need a will if you are not “wealthy” or “rich.” Many people have the misconception that just because they have modest estates that their assets will somehow pass to their heirs without much time or cost. Some people also tend...
When people think of estate planning, they often think of it in the context of what happens to their estate after they die. While that is a crucial part to estate planning, it is not the only consideration. Estate planning can also include planning while you are...
If you are a business owner, your business is part of who you are. You have worked tirelessly to make it successful. You likely rely on your business for your support and the support of your family. But what happens to your business when you are gone or if you want to...
In speaking with clients and potential clients, we are often asked “Do I need a will?” or “Why do I need a will?” These simple questions deserve an honest answer. Regardless of your age, financial status, family situation, and health, executing a valid will can only...
Regardless of what property you own, you likely acquired that property through working hard and devoted a significant amount of your time and energy. While it is true you cannot take your property with you when you die, it does need to go to someone. Understanding...
Taxation is always an important political topic, especially when there is a change in the Presidency. Regardless of how closely you follow politics, it is important to consider how a Presidency change could impact your personal life and your financial situation,...
If you are starting to learn about different estate planning tools, you may find it confusing to distinguish between a living trust and living will. Each serve an important purpose in an estate plan, but they have distinct purposes, so it is important to understand...
If you have recently become a parent, it is likely that you have experienced a shift in your priorities. You probably now see the world with a new perspective, and you want to do whatever you can to make sure that your child is always safe and protected.If you have...
