For many clients, thinking about estate planning is about as enjoyable as scheduling a root canal. Thinking about death and making decisions in the event of later incapacity is difficult, stressful and often a process that many put off. On the other hand, making a decision to create an estate…
Summer is in full swing, but I am reminded by my intern that most colleges start in less than a month and he will be heading off to begin his college career at the University of Texas! In addition to meeting his roommate, shopping for dorm supplies and attending freshman orientation,…
Our long, hot summer is now over and while we look ahead to the holidays, it is a good time to think about your future and, if you have children, their future. Do you have a Will? Does your Will reflect your current family situation? Have you already planned for the…
Most clients know that they need a Power of Attorney in the event that they become incapacitated, but many do not know what other documents they need. Still others are not aware that these documents are only effective during their lifetimes– when you die, these documents do as well. Every…
When starting the Estate Planning process, I ask clients to think about their “People of Interest” and alternates. We discuss the roles of Executor, Trustee and Guardian and the qualities the persons serving these roles should possess. The Executor is the person named in a Will who will follow the instructions…
You may have heard that trusts are better than wills, or vice versa. Both estate planning tools are used to distribute assets and property, and each has its advantages and disadvantages. Some of the differences between Wills and Trusts are highlighted below: Privacy: Once filed with the county probate court, a Will becomes…