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Estate planning isn’t morbid

It’s certainly true that some of the discussions around estate planning revolve around death. Nonetheless, it’s vital that individuals are provided with the full story. What’s important is the reasons behind drafting estate planning documents. Ultimately, estate...

Will your estate need an ancillary probate?

You live in Nevada, but you vacation in Florida – and, occasionally, you visit the old family cabin in upstate New York. Your Nevada home, Florida condo and the cabin in New York are all part of the wealth that you’ve accumulated over the years and hope to pass on to...

What could go wrong during probate?

If you have a will, your estate will have to go through probate before being distributed to your heirs. It is a court-controlled process that involves verifying the validity of your will, identifying the estate’s assets, and paying taxes and creditors before dividing...

What are revocable and irrevocable trusts?

Creating an estate plan gives you the opportunity to care for your family members after your death. You can outline the plan using a variety of tools. Some people use the will, but that’s not the only option you have to pass assets down. You can also establish...

Why do you need an estate plan in your 30s?

You may have always thought of estate planning as something that people do in their 60s or 70s. It's easy to see why elderly individuals need to have a plan for what happens to their assets in the future or why they need to use advance directives to determine medical...