by mbaker | Sep 25, 2019 | Asset Protection, Estate Planning, Trusts
As you work with your attorney to plan your estate, one tool you may consider implementing is a testamentary trust. This type of trust is created in your last will and testament, with terms specified in the will. Unlike living trusts, testamentary trusts only start to...
by mbaker | Sep 16, 2019 | Estate Planning, Writing a Will
Without a will, state law will determine what happens to your property that goes through the probate courts. This process is referred to as “intestate succession.” Your property will NOT pass to the state; instead, the law directs it to pass to your next of kin as...
by mbaker | Sep 10, 2019 | Elder Care, Estate Planning
Part of life is a role reversal that hits as our parents reach old age. For many people, at some point they become incapable of truly caring for themselves or maintaining their own home, at which point that role reversal hits, and the children become the caretakers....
by mbaker | Sep 4, 2019 | Asset Protection, Estate Planning, Living Trust
Living trusts are a critical part of many people’s estate plans. Like wills, they are a method of transferring assets to your beneficiaries after your passing. However, they have many benefits that wills do not, which is why estate planners often urge clients to set...
by mbaker | Aug 28, 2019 | Asset Protection, Estate Planning
One question we commonly receive from clients is whether or not estate planning is really necessary in their situation if they do not have any children. This is a well-meaning question, but it shows a general misunderstanding of what exactly estate planning is and why...