Have you made your list of New Year’s Resolutions for 2025 yet? Whether you started your list or not, let me help you with some inspiration – Estate Planning Goals should be at the top of the list! At the end of every year, we seem to think that “next year will be my year”…
If you are on the fence about whether setting up a Trust and putting your property in a Trust, is the right path for you, you can now add “being exempt from affirming that your house meets current fire safety codes” to the pros column. In our Practice, we help clients decide if setting up…
Insurance can play a crucial role in estate planning by providing a source of funds to pay for estate taxes, debts, and other expenses. It can also help ensure that your loved ones are financially protected in the event of your unexpected death. Additionally, certain types of insurance, such as life insurance, can be used…
Clients are often unpleasantly surprised to learn that having a Last Will and Testament does not negate the need for probate. And they are sometimes annoyed when they learn that even though they are named as the Executor in a Will, that alone does not give them authority to access the decedent’s assets. Yet both of these statements are true.
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…
What Is a Living Trust? A living trust is an agreement in which a settlor (the person who creates the trust) appoints a trustee, to manage the assets within the trust, on behalf of the beneficiary or beneficiaries named in it. The beneficiary can be you or anyone else you name. It’s called a “living…
