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3 Signs You Definitely Need a Trust (and Not Just a Will)

3 Signs You Definitely Need a Trust (and Not Just a Will)

POSTED ON: February 9, 2024 BY: The Werner Law Firm, PC
Estate planning is akin to crafting a roadmap for the future; it’s about guiding your loved ones through the maze of your final wishes with clarity and ease. At the heart of this journey lie two pivotal tools: wills and trusts. While both serve to shepherd your assets posthumously, certain situations demand the finesse of a trust over…
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Do You Need a Power of Attorney as Part of Your Estate Plan?

Do You Need a Power of Attorney as Part of Your Estate Plan?

POSTED ON: February 8, 2024 BY: The Werner Law Firm, PC
Alarmingly, approximately 50 percent of American adults lack any form of POA, but that is not surprising when you realize that only 45 percent of adults over the age of 55 have a will.
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Guide to Incapacity Planning: Protecting Yourself and Your Estate

Guide to Incapacity Planning: Protecting Yourself and Your Estate

POSTED ON: February 7, 2024 BY: The Werner Law Firm, PC
Incapacity planning is a crucial aspect of managing your estate and ensuring that your wishes are honored if you cannot make decisions for yourself. This article will examine the various components of incapacity planning, offering comprehensive…
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Select What Does Your Estate Plan Include Besides a Will? What Does Your Estate Plan Include Besides a Will?

What Does Your Estate Plan Include Besides a Will?

POSTED ON: February 6, 2024 BY: The Werner Law Firm, PC
When you chose to write a will, you have taken an important step in the direction of planning for your family and beneficiaries.
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Understanding Totten Trusts: A Guide to Payable on Death Accounts and Avoiding Probate

Understanding Totten Trusts: A Guide to Payable on Death Accounts and Avoiding Probate

POSTED ON: February 5, 2024 BY: The Werner Law Firm, PC
This article aims to provide you with a detailed understanding of Totten Trusts, a vital component in estate planning that can significantly simplify the process of transferring assets upon death. Let’s explore how Totten Trusts can help you avoid the lengthy probate process and ensure a smooth transition of your assets…
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What Is a Subtrust? Additional Benefits Subtrusts Provide

What Is a Subtrust? Additional Benefits Subtrusts Provide

POSTED ON: February 2, 2024 BY: The Werner Law Firm, PC
A subtrust is a separate entity created under the umbrella of a primary trust or a will. A subtrust becomes active based on the terms of the trust or will when certain events happen, such as the death of the primary grantor, or creator. Subtrusts are one tool that estate planning attorneys use to help families pass on inheritances and protect their heirs from creditors or issues such as lawsuits or divorce. Subtrusts serve various purposes depending on…
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Understanding the Benefits of a Special Needs Plan

Understanding the Benefits of a Special Needs Plan

POSTED ON: February 1, 2024 BY: The Werner Law Firm, PC
Whether you’re a parent with a special needs child or an adult caring for an elderly or special needs loved one, understanding the benefits of a comprehensive Special Needs Plan is crucial. Careful planning ensures that the individual with special needs has clear financial security upon your death, as well as specific goals to address the needs of your child or loved one so that they can be successful in the future. From guardianship and living arrangements to managing finances and planning for adulthood, each element of a special needs plan plays a crucial role in ensuring a secure and…
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What Should I Do to Get My Affairs in Order?

What Should I Do to Get My Affairs in Order?

POSTED ON: January 31, 2024 BY: The Werner Law Firm, PC
Making a plan in case you become incapacitated and preparing for your eventual death can help you to protect your assets and preserve your legacy.
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What Is the Biggest Mistake People Make on Their Wills

What Is the Biggest Mistake People Make on Their Wills?

POSTED ON: January 30, 2024 BY: The Werner Law Firm, PC
Have you managed to avoid the eight most common estate planning mistakes? Your family will thank you.
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How Do You Stop Family Fights over Inheritance?

How Do You Stop Family Fights over Inheritance?

POSTED ON: January 29, 2024 BY: The Werner Law Firm, PC
A highly successful estate-management strategy for avoiding inheritance disputes is to make a meticulously detailed and legally sound will.
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