Does a will take precedence over a trust, or vice versa? The answer, as explained in this article, is neither, because a will governs different property than a trust. The article details this difference and goes on to provide an example...
A post looking at the benefits of forming an LLC in your home state vs out-of-state.
Revocable living trusts have surged in popularity as an estate planning tool in recent years. This article explains what these trusts are, why so many people use them to manage their estate and points to important benefits both you and...
While estate planning is commonly conceptualized as how we look out for our loved ones after we pass away, this article relates that the idea of a living estate is also very important. It explains what a living estate is, how even owners of...
This article answers the question posed by the title, as well as many other questions about wills. After explaining why wills are useful for everybody, it also provides responses to questions about whether DIY wills are a good idea, whether a...
A lot of my postings on this blog tend to focus on how you can protect your assets while alive or after you pass away. However, equally important is knowing how to protect yourself if you are ever called upon to act as...
What sorts of provisions can you put in your will? A different question--what provisions in this document will actually be enforced? This article reviews a recent event which illustrates the limits of both, as an elderly woman in the...
If you live with someone for a long period of time but are neither married nor in their will, can you still inherit their property? This article highlights the importance of basic estate planning for people in such a scenario, as it explains...
If one spouse wants to bequeath property to a child from a prior marriage when doing estate planning for their current marriage, the interests of the spouses can directly conflict. This article addresses this potential conflict and provides an...
This article explains why planning your estate is similar to, say, dental and physical check-ups--it is something you should review every year. However, unlike dental and physical appointments, the article notes the lack of immediacy of...