All the information you need about Wills, Power of Attorney, Healthcare Directives, Trusts and more, on our Estate Planning blog.
One of the most common questions people ask when planning for the future is, “Who will make decisions for me if I become unable to make them myself?” Ideally, you’ll never need a conservator. By creating a comprehensive estate plan that includes a Durable Power of Attorney and an Advance Healthcare Directive, you can often…
Divorce is one of life’s biggest transitions. Along with dividing property, adjusting finances, and navigating new family dynamics, it’s also important to review your estate plan. While the attorneys at Reed Wilson Case do not practice family law or handle divorce proceedings, we frequently help clients update their estate planning documents after a divorce or…
Whether you are putting together your own Will or standing to receive assets left to you by someone else, you may wonder what the actual difference is between a beneficiary vs an heir. Some people may use the terms interchangeably, however, heirs and beneficiaries are not the same thing. Not all heirs are beneficiaries, and…
Many families mistakenly believe that receiving an inherited property is as simple as listening to a reading of the Will and then that property magically belongs to you and you can do whatever you want with it. Sorry to burst that bubble, but a reading of the will is not a real thing – that’s…
Creating a children’s trust does not mean you are creating irresponsible teenagers, driving fancy cars, and vacationing in Cannes for the weekend. You may be picturing the old-school version of a “trust fund kid”. Don’t worry, I was too. But children’s trusts are not just for the wealthy anymore. It’s a smart estate planning tool…
What Is Per Stirpes? The meaning of “Per stirpes” is a legal term (which in Latin means “by branch”) usually included in the Last Will and Testament or beneficiary designations for individual retirement accounts (IRAs). By branch, as in down the family tree branches. If a beneficiary (someone who would receive an inheritance), predeceases (dies…
