One reason for creating an estate plan is to prevent family conflict. Naming co-trustees can seem like a good idea, but can actually have the opposite effect. We see clients that hope to have co-trustees work together for a balanced trust management…
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Probate is meant to bring closure, not conflict. An executor holds significant power during probate. When that power is misused or neglected, beneficiaries are often left feeling stuck and unsure of their options. Probate courts do not take executor…
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Key Takeaways It’s crucial to avoid estate planning mistakes to ensure your wishes will be carried out in the future. Although a will is the foundation of every estate plan, it does not avoid probate, offer tax strategies, or plan for incapacity. I…
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Adult guardianships are legal relationships that are established to ensure a person’s needs are met if they are unable to care for themselves due to full or partial incapacity. While these arrangements can be implemented temporarily or on a long-te…
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Dying without an estate plan such as a will or a trust is known as dying intestate. Without a will or trust in place to direct the distribution of your assets, the process can be more costly, more stressful, and far more uncertain for your loved ones…
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A comprehensive estate plan is often either will-based or trust-based and includes powers of attorney and health care directives. Many people assume that an estate plan is only for wealthy people or older people. The truth is, if you want to decide h…
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Estate planning is a critical part of protecting your family’s future. One of the most important decisions you will make during this process is how to choose an executor for your estate. This person will be responsible for managing everything you l…
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Blended families bring love, connection, and new beginnings. They can also bring added layers of complexity when planning for the future. Whether you are entering a second marriage, have stepchildren, or are raising children from both spouses’ prev…
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Being a single parent means carrying an enormous amount of responsibility every day. From school pickups to bedtime stories, you do it all—and you do it for your child. But one question many single parents avoid asking is this: What happens to my c…
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A living trust is a useful tool to help manage your estate and make sure your assets go to the right people when you pass away. Living trusts work by transferring ownership of your property into the trust, allowing you to manage everything while youâ…
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