Blog

Trusts can be used to accomplish many estate planning goals. Some of the most common of those are avoidance of probate and tax planning. They can also be used effectively for asset protection. For example, let’s say that...

Individuals who hold power of attorney (known as “attorneys in fact”) typically have extensive authority to make decisions on behalf of their principals, including most medical and financial decisions. But with great...

Divorce is one of the most stressful ordeals an average person can experience, and not only due to the emotional toll it takes. It is well-known that divorce can also wreak havoc on the former spouses’ finances, with...

When you die and you have a will, the executor of your estate named in the will oversees the probate administration of your estate. They step into your shoes and are responsible for making an inventory of the estate; paying...

As the protagonist of a 1986 teen comedy film once said, “Life moves pretty fast.” This observation is particularly relevant in the estate planning context, as life’s ups and downs can cause established estate plans to...

Having a power of attorney arrangement in place is a smart move for a number of reasons. First, a power of attorney is one of the most flexible estate planning tools available. You may use it to empower your agent to make...

The purpose of estate planning is to ensure that a person’s wishes are carried out exactly as they would have intended in the event of their death or incapacitation. Estate planning can only serve that purpose, however, if...

Many people think (incorrectly) that estate planning and crisis planning only concern end-of-life decisions and what happens to your possessions when you die. In reality, they encompass much more than that. There are several...

Making gifts to one’s heirs is typically fairly straightforward. The grantor decides which of his or her heirs to make provisions for, figures out how much they should receive, and names said heirs in his or her estate...