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Pros and Cons of Wills and Trusts - Werner Law Firm

Weighing the Pros and Cons of Wills and Trusts

Among estate planning tools, the two most common are wills and trusts. Both accomplish similar things, yet serve entirely different purposes, and can even be used in conjunction with one another. A simplified approach to the topic might lead you to believe that wills are easy and cheap, and trusts are more complex and expensive

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What You Need to Know as a Trustee - Werner Law Firm

What You Need to Know as a Trustee

If you have been chosen as a trustee to one’s living trust, then understanding your responsibilities is crucial. The position of trustee places a considerable amount of work on your shoulders. It will be largely upon you to fulfill a trust’s purpose, over a indeterminate amount of time. In many ways, it’s an absolute honor

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the most common estate planning concerns-werner

The 5 Most Common Estate Planning Concerns

The biggest estate planning mistake people make is to begin worrying estate planning concerns too late. It is never too soon to plan your finances, especially because people do not know the future. While financial planning is the key to maintaining wealth, not preparing in the matters of your own estate could mean that everything

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Revocable vs. Irrevocable Trusts: An Overview - Werner Law Firm

Revocable vs. Irrevocable Trusts: An Overview

As you begin exploring your estate planning options on how to protect your assets, you’ll likely consider either revocable or irrevocable trusts. Trusts are an excellent tool for those who want to pass their estates and assets to beneficiaries without having to go through the costly, stressful, time-consuming probate process. Comparing the benefits and downsides

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