We’ve all heard the term probate - that a will “has to go through probate.” But, what exactly does the term mean, what is involved once probate begins, and how does it affect beneficiaries of a will? Probate is the…
Over 55 percent of American adults have neither a will nor any other type of estate plan in place. This number has remained fairly steady for the past fifteen years. Without a will or some other estate plan in place,…
We strongly encourage our clients who have minors or dependents to include guardianship as part of their estate plan. While we don’t handle cases specifically related to guardianship and conservatorship for incapacitated adults, we do frequently get questions on the…
We have discussed revocable living trusts and their benefits in previous blogs. In this blog, we’ve created a case study to illustrate the value of both estate planning and a revocable living trust, and how it is used once the grantors…
According to a Forbes article, at least 51 percent of Americans between the ages of 55 and 64 don’t have a will. That number is even higher among those younger than 55, at 62 percent. Perhaps one big reason that…
Your will and other estate planning documents should be reviewed when you have a life changing event, like the birth of a child. But even without big life changes, it’s best to occasionally review your documents as circumstances change and…
Those who are considering an estate plan might be trying to decide between a will and a revocable living trust. For many, the decision simply comes down to cost. While a trust can be more costly than a simple will,…
Of course, it is possible to prepare your own will—just as it is possible for you to stitch up your own forehead with a needle and thread instead of going to all the trouble to go see a doctor, meaning…
There are many different types of wills—certainly one which will fit most any situation—yet far too many people do not have even the simplest of wills. In fact, according to research done by AARP, although most adults know they should…
Many people believe a simple or general will and a living will (also known as an advance medical directive) are the same document. In fact, the two documents are about as different from one another as they could be, although…