Why You Might Consider Naming a Professional Trustee

Tag Archives: estate planning lawyer

Why You Might Consider Naming a Professional Trustee

If your estate plan incorporates one or more trusts, you are most likely serving as the current trustee, with your spouse or partner listed as a co-trustee who would then be able to manage the trust if you become unable to do so due to death or incapacitation. But what happens if your spouse becomes […]

Outlining Your Options to Pay for Nursing Home Care

As part of your estate planning process, it’s important to consider how you will pay for nursing home or other long-term care in the event it becomes necessary later in life. Although this long-term care can be very expensive, there are ways you can get assistance outside using your personal finances alone. The following provides […]

What Should You Look For in Your Estate Planning Attorney?

If you are just getting started with the process of planning your estate, one of the first steps you’ll need to take is finding an estate planning attorney with whom you feel comfortable working. If you’ve never worked with a lawyer, you may not know which characteristics you should prioritize. Below are just a few […]

Tips for Gifting Assets to Beneficiaries Before Your Passing

You can help your estate avoid the probate process by passing on some of your property to your children before you die. As a bonus, it can be satisfying to actually witness your loved ones and other beneficiaries enjoy the gifts you leave for them. However, there are some issues to consider with regard to […]

What Does a Trustee Do?

Once you create a trust, you need to assign a trustee who will manage the trust and the assets contained within it when you are unable to do so yourself. Anyone you name to the position of trustee will have significant authority over those assets. You should trust this person to handle your assets responsibly […]

Key Tips to Help Prevent Fights Over Your Estate

When children fight over their parents’ estates, it can result in emotional distress and drawn-out legal battles that can quickly get expensive and time consuming. To help avoid this situation, here are some steps you can take when engaged in the estate planning process: Choose the right person to be your personal representative: The individual […]

Probate is Not a Long Process in Most Cases

The probate process can get drawn out and expensive in some cases, and it is always beneficial to do your best to avoid probate through effective estate planning. However, if your estate does have to go through probate, you should not worry about it taking years for the case to wrap up. Typically, the only […]

Myth: Probate Costs Will Consume All Your Assets

One of the most common myths regarding probate is that the associate costs will take up most of the assets you own. Although it is true that probate can be a costly process and that you should attempt to avoid it as much as possible through sound estate planning, you do not need to fear […]

Common Items Included in a Will

If you are unfamiliar the estate planning process and the creation of a last will and testament, you might get a little lost when reading a will or attempting to determine what you need to put into your own estate planning documents. To help you better understand the structure of a will, below are some […]

Figuring Out Your Total Net Worth

Part of creating an estate plan that encompasses all your needs is knowing exactly what assets you own and their value. Calculating your net worth is important so that you can better plan out how you will pass on those assets to your beneficiaries. The following is a quick overview of the steps you should […]