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Category: Estate Planning

Estate planning services refer to the process of managing and distributing one's assets and properties after their death, in a way that ensures the smooth transfer of wealth to the intended beneficiaries while minimizing taxes and other expenses. Estate planning services may include drafting legal documents such as wills, trusts, and powers of attorney, as well as providing guidance and advice on strategies for asset protection and wealth transfer. These services may be provided by lawyers, financial advisors, or other professionals with expertise in estate planning. Effective estate planning can help individuals achieve their long-term financial goals and provide peace of mind for themselves and their loved ones.

How to Find Out If a Person has a Will

How to Find Out If a Person has a Will

POSTED ON: February 14, 2024 BY: Troy Werner
Estate planning is a crucial aspect of financial management, ensuring that an individual’s assets are distributed according to their wishes after their passing. One key document in estate planning is a “last will and testament,” commonly known as a will.
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What Happened when Robin Williams’ Wife was Cut Out of Estate

What Happened when Robin Williams’ Wife was Cut Out of Estate?

POSTED ON: February 13, 2024 BY: Troy Werner
The unexpected death of comedy icon Robin Williams in 2014 set off an explosive battle over his $50 million estate.
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Life Insurance and Estate Planning

Life Insurance and Estate Planning

POSTED ON: February 12, 2024 BY: Troy Werner
Life insurance is a pivotal component of a comprehensive estate plan. Integrating life insurance policies into estate planning can provide financial security for your heirs and ensure that your estate is distributed according to your wishes. When used effectively, life insurance can…
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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: Troy Werner
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: Troy Werner
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: Troy Werner
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: Troy Werner
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: Troy Werner
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: Troy Werner
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: Troy Werner
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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The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship. See full disclaimer here.
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