Estate planning is one of the most important and one of the most difficult conversations you can have with your parents. It’s vital that you get the family’s financial affairs in order, but these conversations are deeply personal and can often be challenging. Reaching out to your parents about estate planning should be done carefully […]
You have two incomes and no children. So, do you really need estate planning documents? In fact, you might need them more than anyone else. Let’s take a look at why estate planning is so important. The Importance of Proper Estate Planning Let’s say there’s a couple named John and Jane. John passes away without […]
An “irrevocable trust” certainly sounds as though it can’t be altered. And, for the most part, it can’t be. But, like many things with law, there are exceptions. Let’s take a look at irrevocable trusts, when they’re used, and when they can be altered. What is an Irrevocable Trust? An irrevocable trust occurs when assets […]
When someone dies, their estate enters into the process of “probate.” If there’s a will, this can sometimes be resolved quickly; an executor will make sure that debts and assets are taken care of. But if there isn’t a will, the assets of the estate will be distributed based on the laws of inheritance. And […]