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April 2018 Archives

Establishing guardianship in your estate plan

For a number of reasons, if you are a parent, it is well past time to create an estate plan. Not only do you want to make sure that you leave your children any property you want them to keep, but you also need to make it very clear who you wish to care for your children if you pass away. You'll probably also want to allocate sufficient resources to carry out these duties to the individual(s) you choose as guardians.

Estate planning shows you care about your loved ones

Estate planning isn't usually something that younger adults think about. Many younger Americans think that they have plenty of time left to create an estate plan. This might not be the case since it is impossible to see into the future. Estate planning is one way that you can control the future.

Understanding differences between wills and trusts

In casual conversation, many people use terms like "will" and "trust" interchangeably, possibly because they are unaware of the specific differences between these two types of documents. However, these two legal tools serve different and mutually important functions, and usually work together to provide protections for people's property and wishes once they pass away or are incapacitated.

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