A living trust enables the assets to avoid probate, resulting in faster, easier distribution to your beneficiaries without additional costs. It maintains your privacy because its provisions stay confidential. This is in sharp contrast to a last will and testament, which becomes a matter of public …
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Top Legal Issues for Senior Citizens
You may have to make difficult decisions while you still have the mental and physical capacity to deal with financial, legal and health care issues. Personal and health affairs management, estate planning and administration, and long-term care and how to pay for assisted living or nursing home care …
Top Three Estate Planning Requirements
Estate planning is a difficult topic for families to address, but it's a necessary one. If you don't prepare documentation, then assets, like houses, retirement plans and savings accounts, can end up in limbo for years. And after that, you'll need expensive legal assistance just to straighten …
When and How Often to Review Trusts
The Importance of Updating Your Trust You don't necessarily create a trust and just forget about it. You may revise a revocable trust whenever your circumstances change. Perhaps you want to add a beneficiary. A trust can be revoked or amended at any time as long as you, its creator, are mentally …
What to Do When You Inherit
You want to be wise about investing your new inheritance. After all, it's a windfall and you may be thinking about putting it into taxable accounts or property assets. But take a step back to consider some tips on what to do. Resolve taxes There's a difference between estate taxes and inheritance …
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