Sep 6, 2022 | Insights
Answer: False. When choosing who should be your trusted decision makers, you should select individuals based on their strengths. In other words, you should consider what characteristics or traits each decision-making role requires and select the people who have those...
Aug 30, 2022 | Insights
Estate planning is definitely not a one-size-fits-all kind of deal. Every family has unique dynamics and circumstances that must be considered and examined when preparing an estate plan. As our lives evolve, so too do our needs and goals, which means an estate plan...
Aug 23, 2022 | Insights
I believe the biggest reason women don’t plan is lack of education about the importance of estate planning. It is not easy to learn or speak about the possibility that one may, at some point in time, lose their independence and ability to take care of themselves. It...
Aug 16, 2022 | Insights
Who are the parties in a trust? There are only three parties to a trust, and that’s all you need to know: 1) Trustor: This refers to the person who created the trust and put their assets into it (think “creator”). 2) Trustee: This is the person whom...
Aug 9, 2022 | Insights
Regardless of whether someone has a will, their family will have to go through probate (but not for assets in a trust … and we’ll get to that ). The purpose of probate is to change ownership of an asset from the name of the deceased to the name of the beneficiary. The...
Aug 2, 2022 | Insights
A poorly-constructed estate plan can in some cases be worse than having no plan at all. For example, let’s assume someone wants to make sure that when they pass away, their assets are inherited by their children. Now let’s assume that this person was to mistakenly...
