In an estate sale personal property in an estate is sold off at auction. These sales are becoming increasingly popular in the United States. There are a couple of groups of people who can take advantage of this trend.
Read More »Why You Need an Ethical Will
Many people today are choosing to have two wills. One will is a traditional will that decrees how property should be divided. The other will is called an ethical will. It passes down life advice and wisdom.
Read More »Different Types of Trusts
While all trusts share some similarities, there are many different types of trusts that you can use as part of your estate plan. For that reason, it is helpful to know what some of your alternatives are if you are considering getting a trust.
Read More »Estate Planning After Divorce
One area that is often overlooked in the divorce process is the need to update estate planning. Most people would agree that their ex-spouse is the last person they want to inherit their assets when they die—or to have that person make life and death decisions for them. But that is exactly what […]
Read More »Prince’s Sad and Incredibly Expensive Mistake! (Are You Making It, Too?)
The news of the unexpected death of music legend Prince, age 57, shocked the world and touched off stirring tributes from the likes of Bruce Springsteen, Elton John, the Harlem Gospel Choir and the cast of Saturday Night Live. Prince left a profound, indelible mark as an artist – when asked what it was like […]
Read More »Escape From a Bad Trust: 5 Strong Reasons to Decant Your Trust
When a bottle of wine is decanted, it’s poured from one container into another. When a trust is decanted, trust assets are poured from an old trust into a new trust with more favorable terms.
Read More »3 Simple Ways to Avoid Probate Costs
The bad news: probated estates are subject to a variety of costs from attorneys, executors, appraisers, accountants, courts, and state law. Depending on the probate’s complexity, fees can run into tens of thousands of dollars.
Read More »Don’t Leave Your Trust Unguarded: 6 Key Ways a Trust Protector Can Help You
Trust protectors are a fairly new and commonly used protection in the United States. In short, a trust protector is someone who serves as an appointed authority over a trust that will be in effect for a long period of time. Trust protectors ensure that trustees: maintain the integrity of the trust, make solid distribution […]
Read More »3 Examples of When an Irrevocable Trust Can – and Should – Be Modified
Did you know that irrevocable trusts can be modified? If you didn’t, you’re not alone.
Read More »Blended Families Underscore the Need for Estate Planning
Anyone with children or modest assets should seriously consider some minimal estate planning, but the increasing number of blended families underscores the need for proper estate planning.
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