A Will or a Trust?
Very often people do not know whether they need a Will or a Trust. The answer is usually: both. Most people are familiar with what a Will is. It’s a simple document, handwritten or printed on fancy paper, that says who will inherit what you own after you die. If you have children under the age of eighteen, a Will is where you may nominate the people you would like to take care of your children as Guardians appointed by a Judge, if you die before the children are adults. That’s it. A Will does nothing to address a myriad of issues and needs if you ever become incapacitated due to illness,...
Read MoreCan the dead control the living?
Control. We have less of it than we think, and yet, we are creatures who want control. We want to control our own lives. Some of us want to control other people’s lives! Much about human relationships is a jockeying for who has control, how much, and over what. Parents often come in to do estate planning because they want to control when their children will inherit their wealth and who will take care of their children if they die before kids are grown up. Lots of parents are concerned about young adults inheriting a house and money before they’re equipped to handle it. They put property in...
Read MoreWhom to choose?
One of the biggest stumbling blocks clients find in estate planning is the question of whom they will choose as trustees of their trusts, executors of their wills and agents for their powers of attorney.
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