Wills and Trusts: Confused about the differences between a will and a trust? If so, you are not alone. Often people who don't understand use the terms interchangeably. But be clear, a will is not a trust. Having a basic understanding of these two important...
Should You Leave Your Timeshare in Your Trust? Timeshare in a trust. Do you own a timeshare? Over the past few decades owning a timeshare has become a popular investment. Whether you purchased it as a vehicle for a great family vacation, an occasional getaway, or to...
Pet Trusts. As with anything in life, sometimes things don’t work out as planned. So, my belief is to always have a Plan B. When you prepare accordingly, it’s more likely you will have a successful outcome. Here are three examples of creative planning by pet owners....
Estate Planning Inventory. Estate Planning Inventory and sometimes called an Estate Planning Checklist is an essential tool. Do you have an estate plan, which may include a trust, a will, a power of attorney, and healthcare directive? When was the last time you...
Why Pet Owners Should Consider a Pet Trust. Pet trust. Creating an estate plan is about protecting what’s important to you. Most estate planning conversations focus on the spouse, the children, and in some cases the grandkids. If you are like me, a devoted parent of...
Effective estate planning takes into account many things. It’s not just about how your assets are treated when you die, it’s about protecting your assets during your lifetime. Trust instruments are an important vehicle in the effective estate planning toolkit. A...
All children are a blessing. From the day they are born, you begin making plans to ensure their future. What will their interests be? What job will they have? Who will they marry? While these are common concerns for most families, this concern is heightened when that...
Absolutely! And Here’s Why You Should Update Your Estate Plan.It’s not realistic to think that a document you created years ago is still valid, especially in light of your life changes and changes in the law. I'll use the Brown family as an example of why you should...
With over 600,000 people dead from CoVID related issues, having an estate plan is more important than ever. While most people have heard of wills and trusts, very few really understand the difference. And, very few understand the importance of having them. It's...