If you or someone you know has ever been through the tangled web of the probate process, you would probably do almost anything to avoid going through it again. While there are many estate planning strategies that can prevent the probate of an estate, some of the ones that seem relatively simple may cause the […]
General
Communicating about distribution of assets may prevent conflicts
When you start planning your estate, you will have to answer many questions about the distribution of assets after your death. There are many “technical” questions, such as will vs. trust, whom to name as executor or trustee, do you want a living will, etc. But you also have to consider the people who will […]
Keeping your estate plan current can prevent unintended results
When less than half of all Americans have even a simple will, the idea of telling people to review their estate plan on a regular basis seems almost futile. After all, you have to have an estate plan to review it. But for those who have gone through the process, it is just as important, […]
Have estate plan tune-up before summer vacation
Summer’s here! School’s out! The next logical step is – family vacation! But not so fast. Before you hit the road this summer, make all those safety checks, including whether your estate plan needs a tune-up. No one wants to start their vacation planning thinking about the bad things that might happen that would require […]
Nursing home expenses can quickly deplete family resources
There are many reasons to think about estate planning for your heirs after your death. But estate planning can also address many costs that you will have before you die. One of these could be nursing home expenses. A recent survey of a healthcare organization shows that 43% of those 65 or older will be […]
