A living trust, also known as a revocable living trust or a revocable trust, is a legal document that establishes a trust for any assets you wish to transfer to it. The main purpose of a living trust is to take care of the transfer of your assets after your death....
Writing a will is very difficult. No one wants to think about their loved ones going against their will when they are gone. That’s why it is crucial to do everything you can now to avoid problems with your will and estate plans. From choosing the right executor...
Baby boomers know money isn’t the only important aspect of estate planning. A 2012 study released by the Allianz Life Insurance; Co. showed baby boomers wanted to leave their family more than just financial assets. Researchers found baby boomers identified family...
When discussing estate planning, a will is what most people think of first. Indeed, wills have been the most popular method for passing on assets to heirs for hundreds of years. But wills aren’t your only option. And if you rely on a will alone to pass on what...
In the first part of this series, we discussed a couple of the most critical updates you must make to your estate plan if you’re getting divorced. Here, we’ll cover the last three of these must-do planning tasks. Because getting divorced can be overwhelming on so many...
Divorce can be traumatic for the whole family. Even if the process is amicable, it involves many tough decisions, legal hassles, and painful emotions that can drag out over several months, or even years. That said, while you probably don’t want to add any more items...
