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Issue 24.10 An effective estate plan has many benefits. In the broadest sense,estate planning includes the process of accumulating,managing,and distributing property over the course of a lifetime. Satisfaction comes from knowing your objectives,taking practical approaches to achieve them,[...] Issue 20.10 Relocating to a new state often creates issues affecting estate planning. Many people wonder if they need a new will or trust when they move from one state to another. Although a will or trust validly executed in one state [...] Issue 16.10 It is common to hear the statement,“I want to avoid probate” or “I don’t want my family to go through the horrors of probate.” When you ask these same individuals “What is probate?” many do not have an answer. [...] Issue 12.10 The use of a revocable trust (sometimes referred to as a “living trust” or “family trust”) to plan one’s estate has become very popular. Despite the popularity of the revocable trust,revocable trusts are not without their potential problems. [...] Issue 10.10 The term “community property” is a form of property ownership between husband and wife –recognized in Nevada,Arizona,California,Idaho,Louisiana,New Mexico,Texas,Washington and Wisconsin. The other states are “common law” states. Issue 8.10 Deciding who gets your assets after you die is difficult enough,but what if you want to make sure someone IS NOT included? Even though the word “disinherit” may conjure up images of family discord,there are many reasons one [...] Issue 4.10 Many people use trusts to achieve specific estate planning goals. Such trusts are designed to save money by avoiding probate fees and delays,and by deferring or reducing estate taxes. For example,a revocable “living trust”can avoid the cost [...] Issue 51.09 Revocable “living trusts”have become increasingly popular in the past decade. They allow heirs to avoid probate court proceedings. But unlike a will,a living trust cannot be simply signed and filed away. If [...] Issue 48.09 You or someone you know may own unmarketable assets as a result of the death of a previous owner. The asset may be real estate,stock in a corporation or some other asset. The title is unmarketable because the property [...] Issue 46.09 If a client does not have a trusted friend or family member to name in their will or trust as caretaker of their pet,want can be done? For fifteen years I have worked [...] |    | |||||
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