“We Need to Do Our Will”

“We Need to Do Our Will”

Most people recognize that estate planning is something they should do, much like going to the dentist, but so many of us never get around to actually getting it done. It is common to say “we need to do our will” but never make the time to consult an estate planning attorney or write a simple will at home. Knowing who should have an estate plan and what documents are needed is a great first step to getting it done.

When to Start Estate Planning?

When to Start Estate Planning?

When is the best time to create an estate plan? The short answer is that it’s never too early. While everyone’s situation is unique and may vary, there are a few important reasons you should consider creating an estate plan today. An estate plan is a plan of action that protects your assets should you become incapacitated. It allows you to control what happens to your estate or assets if something should happen in the future.

Coronavirus and Virtual Estate Planning

Coronavirus and Virtual Estate Planning

Whether the coronavirus pandemic has you worried about your future or spending your downtime being productive, it has certainly inspired widespread changes including highlighting the need for estate planning. People are thinking about what would happen to them, loved ones, pets, and their assets if they ended up in the hospital or passed away suddenly.

What Is The Most Common Type Of Trust?

What Is The Most Common Type Of Trust?

What is the most common type of trust? There are several options to choose from, so how do you know which one is the right fit for you? First, what is a trust? Trusts are important legal documents that allow a third party to help manage your assets. They are considered separate legal entities that help decide what happens to your estate. During the estate planning process, you can choose from nearly a dozen types of trusts. However, the most significant distinction between them is whether the trust is revocable or irrevocable.