Things Your Family Should Know

What is Probate?

“Probate” has gained the reputation of a four-letter-word in the estate planning community. It has also become a word that many non-lawyers use to describe why they need a Trust. Probate has some very formal definitions within the legal community – don’t worry about those. As a non-lawyer, here’s what you should know: 1. “Probate” is …

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Baby Boomers Estate Planning – How You Inherit, How Your Family Inherits

According to an article in the Wall Street Journal, “baby boomers—those 78 million people born from 1946 through 1964—are expected to inherit some $8.4 trillion during their lifetimes, according to the Center for Retirement Research at Boston College.” Yes, there’s a good chance you’ll receive an inheritance.  And I know you may not like to …

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Estate Planning – the Digital Age

It used to be that you could just go through the files and mail to determine your (or a decedent’s) assets. This is no longer the case today. A necessary part for estate planning and estate administration is knowing your assets and how to access them. However, in the digital age, it’s not as easy …

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Trusts – Not just for the Wealthy

Does the notion of a Trust make you think about people like Bill Gates or the Rockefellers? I know that’s what I used to think. However, I have since come to the realization that a Trust does not need to be so complicated (and expensive). A Trust is a great tool for anyone who’s “estate” is …

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Do I really need a Will?

That depends…if your answer is “Yes” to any of the following questions, then yes, you need a Will: (1) Do you want to decide who gets your property when you die? (2) Do you want to decide who will take care of your children if you are unable to? (3) Do you want to decide …

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