The goal of estate planning is to ensure that all parts of that plan work together smoothly. This could include a revocable trust -- also called a living trust -- and a will. Unfortunately, though, that doesn't always happen. So, if there is a conflict between the two...
As you begin to consider your will and estate plan, you know that leaving money to your grandchildren is your main goal. Your adult children are doing fine. You want your grandkids to have a great chance of success. How should you leave them the money?The easiest way...
A will is the most common way to leave an inheritance behind, and it's very important to have one. It can be complex or as simple as splitting your assets evenly among all of your heirs. It's up to you. But a will isn't the only option that you have.There are a lot of...
Many times, an inheritance comes without conditions. If you put someone in your will and leave them $100,000, they simply get that money when you pass away. All that matters to the estate executor is finding the right person and distributing the funds.However, you may...
Odds are that you do not think of your pet as property but as a family member. You love them, you care for them and you may not consider them on the same level as your children, but it's close. Pets do not feel like "something" that you own, not in the same way that...
Although we do not live to see the results, a last will and testament is often a reflection of our most important decisions in life. We work hard to earn and maintain our assets throughout our lifetimes, and we want to know that these things will help and comfort the...
Disputes over properties held in trust are often complicated and time-consuming, and they can also take a lot of resources and energy away from vital operations. This is why it's important to be very specific about the intentions for any trusts, whether they're...
"It's all for the children." That's what smart landowners and wealth managers say. You should think of what you own as something you give as your legacy. It is all something you are holding in trust for your successors.A trust is exactly what a lot of people use to...
There are a lot of things in life that we never get around to doing. As we age, we often acknowledge that the time to do something and enjoy it has probably passed. But one thing never goes out of style, and often becomes more relevant as we get older and...
Who can you trust in a life or death situation?That's basically the question you have to ask yourself when you're picking someone to hold your medical power of attorney (POA). If the day comes when you're not able to speak for yourself, whom do you trust to speak for...