I admit it: Legal terminology is confusing. Not only are some words foreign outside of the estate planning world, but sometimes “normal” words carry a legal definition you would have never guessed. And sometimes, the same legal concept has more than one phrase used to describe it. Take “Living Trust” and “Revocable Trust” and “Revocable Living Trust,” for example – Continue Reading →
A last will is one of the most well-known estate planning documents, and yes, everyone should have one. But if a last will is the only document in your parents’ estate plan, you’ll be in for a (not so great) surprise when they pass. If your parents leave a living trust instead, count yourself lucky—everything will be much easier for you. Here Continue Reading →
You’re a parent of minor children—do you know what would happen to your children if something happened to you? Maybe one of your siblings would step in or perhaps an aging parent. Maybe you were rushing to get out of town last year and sent a quick email to a friend or family member saying who you’d want as guardian Continue Reading →
It’s impossible to know what life has in store—just ask Joan Rivers who went in for a routine surgery recently and suffered cardiac arrest that led to her passing. It’s uncertain when the inevitable will happen but you can at least provide some certainty about the future of your children and loved ones. Life insurance is a must if you’re Continue Reading →
Do you have a will? Even though people are living longer every day, you may be tempted to put it off a few more years—but think again. Be edgy and get a will; you’ll be in the minority. A will is the most popular of estate planning documents and what most people think is all they need when it comes Continue Reading →