It is important to review your trust if there are significant changes in your personal circumstances, such as a death, a divorce, the birth of a child or grand-child, or if there have been significant changes in your personal finances.
The best way to protect your home from probate is to transfer it into a Living Trust. Creating a Living Trust allows for the easy transfer of your home and saves thousands of dollars after you pass away.
Preparing for the administration of your digital assets upon your incapacity or death should be part of your comprehensive estate plan. Learn more about updating or creating your estate plan, which may include digital assets.
Living trusts are created for many reasons, including (1) avoiding probate; (2) maintaining privacy; (3) planning “trust funds” for beneficiaries who need assistance managing their inheritance; and (4) incapacity planning.
An important part of your estate plan is providing for those who depend on you – especially your pets! A Pet Trust is the best way to provide for your beloved dog, cat, bird or other cherished pet, and to ensure their proper care if you pass away before them.
When I meet with clients one of the first questions they ask me is “What is a Living Trust?” A living trust is a legal document that allows you to designate who will inherit your house, your personal belongings, and your money when you pass away.
Protect your home! Protect your money! Provide for loved ones! Avoid Probate! A Living Trust is the best way to do all of this.
Now more than ever it is important to do Advance Care Planning. The need for care planning has taken on a greater significance and urgency during the COVID-19 pandemic. It is critical for everyone to understand the need for a care plan and to create the legal documents that will ensure you have the plan you want.
In light of the pandemic, it is more important than ever to put your legal affairs in order. While we recommend you contact a lawyer to prepare your estate planning documents, you may decide to prepare your own will, including going online and searching for “do-it-yourself wills”. This is fraught with peril.
2020 was a difficult year and the pandemic taught us how unprepared we were for the unexpected. Estate Planning is now more important than ever. Make it your New Year’s resolution to be prepared for the future, which includes setting up your estate plan or updating your existing estate plan.