Who Needs a Will, and Why?
A will tells how to distribute assets and debts, names the person responsible for settling the estate, names potential guardians for dependents, and hopefully resolves potential conflicts before they start.
A living trust does not replace a will, you still need a will even if you have a living trust.
Young parents especially need a will, [...]
June 3, 2008
• Tags: estate lawyer, executor, guardian, personal representative, will • Posted in: Estate Planning Basics • 1 Comment
Preparing for a Living Trust lawyer’s visit
So you’ve decided to execute a living trust - that’s good. Here are some things to consider before you visit an attorney to draw up the documents.
If you do not have dependent children the process is fairly simple. The lawyer will interview you to establish the successor trustees (who do you trust to [...]
May 19, 2008
• Tags: dependents, education, estate lawyer, guardian, living trust • Posted in: Trusts • No Comments
