Your estate plan might include a variety of documents, including a will and an advance directive. You might also create a trust. There are many different kinds of trusts that can serve different purposes, depending on your estate planning goals. A revocable living...
These days, it’s typically easy to locate an old high school or college buddy, a neighbor from your childhood or just about anyone you need to reconnect with. If someone really can’t be found, it may be that they don’t want to be. Sometimes, estate executors are...
The estate plan you make now will help determine the fate of your family's wealth. Therefore, if you want future generations to benefit from the family fortune, you must plan accordingly. An irrevocable trust can help you achieve that and ensure that the family's...
Most people think of their estate plan as something that comes into the picture when they pass away. While it’s true that most of the plan won’t go into effect until then, part of it can help you if you’re incapacitated. The health care power of attorney form is one...
Trusts are an essential part of any estate plan, and it is crucial to make sure that you set them up correctly. If you’re not careful, you could end up with a trust that is not valid and does not serve its intended purpose. Outlined below are some common mistakes...
Your vineyard may be the result of a long-held dream come true after decades of hard work, or it may be a legacy passed down through your family for generations already. However you acquired the vineyard, you may have specific intentions for the property and the...
Creating an estate plan is the responsible thing to do as an adult. There are many parts of this that have to be considered. While most people are familiar with a will, having an advanced health care directive is just as important. Learn more about what this does and...
As people live longer and accumulate more wealth, they look for additional ways to retain that wealth, which they hope will last for years to for their beneficiaries. A dynasty trust is one such estate planning tool that creates a tax-free foundation of wealth,...
When creating a trust, you want to make sure that it really addresses all of the potential future outcomes for your heir. If the trust is too specific and doesn't have any flexibility, that can create some unforeseen problems. For instance, perhaps you want to use an...
Estate planning often involves a careful analysis of your family circumstances. What you leave for each of your children will reflect not only your overall assets but your child's character and your relationship with them. Certain situations require more careful...
