Tag: revocable living trust

It’s Not Just About Death and Taxes: The Essential Legal Documents You Need for Incapacity Planning

Two weeks ago Jane (not her real name) called my office trying to find out if I had prepared an estate plan for her dad. She had found among his belongings my contact information but no documents. She was desperate and hopeful. After asking…

Do you Have a Guardian for Incapacity? Factors to Consider when naming a guardian or guardians for incapacity

As we mentioned before, having guardians named for the event of incapacity is a very important task if you want to avoid a court process (a guardianship) and an stranger making decisions over yourself and your assets.  It is easy just to throw names out…

Will v. Trust. Who wins?

So what does a Trust do that a Will does not? Below are some of the main differences:  Planning for incapacity – Wills have nothing to do with incapacity.  Will based plans must rely on a durable power of attorney or a guardianship proceeding…

Nosey Neighbor Nellie Can Find Out About Your Probate. Really!

Most people think of probate as a private process. However, since Wills are filed at the courthouse, probated estates become a matter of public record. That means your nosey neighbor Nellie can simply go down to the courthouse or hop online and find out…

What is the different between Dying Intestate or with a Will or Trust?

Most people understand that having some sort of an estate plan is, as Martha Stewart would say, a “good thing.” However, many of us don’t take the steps to get that estate plan in place because we don’t understand the nuances between wills and…

Wills vs. Trusts: A Quick & Simple Reference Guide

the time abou I talk all the time about a Will and a Trust as two different things and I always get confused glares. Not sure about the differences between wills and trusts?  You are not alone. While it’s always wise to contact experts like…