Most people don’t know much about probate, except that they want to avoid it. In our recent workshop for probate administrators and trustees, we noticed that a lot of the attendees submitted the same questions. Below are the 5 most asked questions about probate...
At their core, wills and trusts are both estate planning tools people use to protect their assets and their families. These documents are generally thought of as the two primary means of protecting and distributing oneโs assets upon death. Many estate plans contain...
Talking about estate planning with loved ones can feel unsettling for some. Unfortunately, the most difficult conversations are often the most important to have. In many cases, it is paramount to speak with your beneficiaries or heirs to let them know what your estate...
The Covid-19 pandemic has upended everyoneโs lives in one way or another. Perhaps the only silver lining during this period of unknown is the growing knowledge that establishing an estate plan is vital. In just one week, coronavirus cases have surged by 73%, and there...
To understand the key differences between an irrevocable trust and a revocable trust, we must first understand what a living trust is in the first place. In its simplest terms, a trust is a fiduciary relationship between three parties: the trustor (also known as the...
A staggering fact is that about 60% of adults do not have a valid will in place. Although this statistic seems frightening, it is helpful to know. The first step towards solving any problem is knowing you have one. Therefore, you must realize that you need to protect...
