Many people wonder if they really need a will. They may think that they don’t have enough assets to bother with a will. Some people erroneously believe that a will causes your heirs to have to go through probate, leading to unnecessary expenses. However, a will is a good idea for just about everyone. Read [...]
Do You Really Need A Will?
Intestancy - Passing Without Estate Planning - What Happens?
If a person passes on without estate planning of any kind, whether that planning is some kind of will or trust, they are said to have died intestate. Intestate law is the law that decides how assets are transferred and creditors satisfied if a person passes on without saying who gets the house, the [...]
Estate Planning and Your Pets
You have diligently outlined what should become of your children in the event of your death or disability. Youve planned your estate, appointed guardians and possibly even shared your estate plan with family members and trusted caretakers. But doesnt something feel as if its missing? Perhaps you need to plan provisions for what should become [...]
Estate Planning The Most Common Mistakes
Your estate consists of the assets that you will pass on to your beneficiaries when you pass away. Estate planning means deciding where your assets will go when you die. It takes time, thought, and the knowledgeable assistance of a qualified attorney.Even if you diligently plan your estate on your own, it is easy to [...]
Estate Planning - Protecting Your Spouse
The first question many people have when considering estate planning is how to protect their spouse in the event that they pass away. Although it is common to offer the advice that a will or trust is the best way to protect a surviving spouse, it is also important to remember to explain what [...]
Putting your Estate in Order
Estate planning for business owners.For business owners, an effective estate plan addresses a number of concerns over and above the desire to care for surviving family members. Control over who will run the business, conservation of the owner’s assets in the face of legal expenses and taxes, and the liquidity to pay estate taxes due [...]
A Guide to Purchasing Real Estate in Mexico for Americans
For Americans buying their dream property in Mexico, its important to understand the differences between Mexicos real estate system and that of the United States. Its never safe to assume that any law or process is the same between the two systems, and oftentimes they are completely different. There are a few key [...]
Private Trust Companies
A Private Trust Company is, essentially, a company formed for the specific purpose of acting as trustee of a single trust, or a group of related trusts. It is not uncommon for settlors to wish to retain a degree of control over assets they settle into trust and this is sometimes achieved by reserving specific [...]
Living Wills and Healthcare Power of Attorneys Help to Make Sure Your Wishes are Met
No one can foresee problems that may arise should he become incapacitated. Yet, you can avoid negative consequences of unforeseen problems by creating Living Wills and Healthcare Power of Attorneys (HCPOA).Setting up a Living Will or HCPOA is a relatively simple task. The first step it to consult with an attorney that specializes in estate [...]
Is Your Special Needs Child Included in Your Estate Plan?
You have undoubtedly made provisions for how your beneficiaries or guardians will handle your finances in the event of your death or disability. Youve appointed a guardian for your young children and youve outlined instructions for how to handle your childs education, finances and other expenses. Sure, you have a plan in place to provide [...]
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