Trustee

Importance of Coordination of Life Insurance and Estate Planning

Importance of Coordination of Life Insurance and Estate Planning

With every client we discuss the important of Life Insurance as well as its non-probate character, in other words, as long as a beneficiary is named other than the estate, the policy will pay out directly to that beneficiary, rather than passing according to will (and waiting for the Court’s…

Take the Stress out of Estate Planning

Take the Stress out of Estate Planning

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…

Legal Incapacity Documents Defined

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…

Choosing the Executor, Trustee and Guardian for your Estate Plan  

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…

Trusts vs Wills, which do you need?

Trusts vs Wills, which do you need?

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…