You may spend a lot of time thinking about having a will, but what does a will really do? It is a legally binding document that spells out the last wishes of the author upon their death. Here are some of the things that having a will can accomplish for you. Revoking Prior Wills The [...]
While we have stated over and over again how important a will is to protect you and your assets, one thing that bears mentioning is the fact that a will can protect your loved ones as well. Not having a will can cause many legal problems for your surviving loved ones. Guardianship of Dependents Do [...]
Having a trust may seem like a good idea for you to have a say on how your assets are going to be distributed after death. However, in some cases, having a trust may not be the best of ideas. Here are some reasons why you may want to have a will and go through [...]
Nobody wants their legacy spoiled with a nasty fight amongst their heirs. The stress of a loved one passing may bring to the surface old feelings that cause your heirs to squabble over what you have left them. This can be particularly true in a case where some heirs are left more than others. To [...]
Setting up a will to have your or your loved one’s estate distributed to your heirs is the best way to ensure that possessions are left to the people that you or your loved one wants to have them. Just what constitutes an estate, and when will an estate need to be probated in order [...]
As odd as it may seem, your dog may outlive you. Dogs, cats and even other animals can mean a lot to us, especially when we get older and want companionship. Providing for a cherished pet after you are gone might not be something that would occur to you. Here are some ways to provide [...]
Thinking ahead and preparing a will with a lawyer makes great sense. Now that you have a will, when is it time to revisit the will and revise who will inherit your assets after you have passed on. Changes in Inheritance Law Staying on top of changes to inheritance law is a great way to [...]
A trust and a will are two legal documents that no estate plan should be without, yet they serve entirely different functions. Both documents work together to ensure your wishes are fully carried out after you die. A will becomes effective immediately upon your death, whereas a trust goes into effect at the time it [...]