What are revocable trusts?

For those with a lot of assets, the estate planning process is much more complicated, but it is also much more important. After all, no one wants Uncle Sam or the state taking their hard earned assets, when they could have gone to our loved ones and beloved charities....

Create motivation with an incentive trust

As part of an estate plan, trusts are often geared around delaying payment of money to heirs who are minors or setting that money aside for a specific use, as is the case with education trusts and special needs trusts. However, you can also use them to motivate your...

Here’s what to know about probating assets

You want to make sure you leave as little work to your family as possible when you pass away, which is why you’ve worked on your estate plan since a young age. You take care to update it regularly, too. Now that you’ve moved to a new state, it’s time to take a look at...

How regularly should I update my estate plan?

Estate planning may seem like a one-and-done deal, but that’s not the case. Drafting an estate plan is only the beginning of the process; keeping your estate plan updated is what’s necessary. Without an updated estate plan in place, if you fall ill or pass away...