Posts Tagged 'will'

Why You Are Never to Young To Plan For Death

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We read stories all the time about young people who die unexpectedly. Take the example of a 39 year old man who died in his sleep the day before his twins were born. Or the 22 year old competitive bike rider who died of a heart attack. Or a 31 year old man who drowned in a lake.

In the latter case, failure to plan meant the young man’s girlfriend and child, with whom he lived, ...

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Wills and Trusts – a Legal Product or Legal Service?

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The questions about creating and drafting your own wills and trusts just keep coming. In the technical age, where clients are savvy and used to instant gratification and purchasing on the web, it seems logical that people would want to buy wills and trusts from a website or create them themselves. But, we hear or read stories all the time about the problems with this approach. Fox Business Report ran an article today about Ann Aldrich who purchased ...

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Paying for Your Estate Plan: Why Does It Cost So Much For A Trust and Will?

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The first question from a potential client is “How much does it cost to do a will?, trust?” The answer is always “It depends on your needs and desires”. In fact, my question back should really be “How much are you willing to pay for peace of mind”? Because that is what a properly drafted estate plan gives you. It is not a mere collection of papers that you put away and never look at ...

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Treating Heirs Differently Can Cause Legal Headache

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Believe it or not, it is not unusual for parents to treat their children differently when drafting a will or trust.  One child may be more financially successful than another.  One may have more children than another.  There may be an estrangement between parents and a child.  Sometimes, parents want to repay a child who has supported them, either physically or financially.  There may be a difference in age requiring that money be set aside for a younger child.  For ...

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What to do When a Loved One Dies

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When a loved one dies you may be overwhelmed with emotion as well as wondering what steps you should take.  First of all, in most cases you don’t need to do anything right away except grieve  for your loss and surround yourself with loving and helpful family and friends.  Of course, you will want to contact friends and family and make any funeral or burial arrangements if those have not already been pre-planned.  As for any other items, rest assured ...

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What is Probate and Why Should You Avoid It?

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Probate isn’t always bad, but most of the time, it is a waste of money and time.  Probate is a court supervised legal process whereby the court makes sure your debts are paid and any remaining money or assets distributed to those people entitled to them.  What this means is that if you don’t plan properly before you die, your family will be stuck paying a lot of attorneys fees, court costs and wasting a lot of time before receiving ...

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Estate Planning 101 – What is an Estate Plan

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When most people hear “estate plan” they have no idea what that means.  I always hear “I don’t own any property” or “I don’t have children, why do I need an estate plan?”  I tell them that an estate plan is not about today, but the future you are building for yourself and your family.  Don’t you want to accumulate wealth and retire comfortably?  What about a family?  Do you think you might have children someday? Do you have any ...

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