Organizing for Your Heirs
When a family enters the home after a death, the priorities are sometimes overwhelmed by emotions and memories. Diving through desks, kitchen drawers and the shoeboxes in the closet are often necessary to locate and secure wills, trusts, financial statements, car keys, etc. This time is better spent on grief, consolation of family members, reflections [...]
June 13, 2008
• Tags: executor, keys, personal representative, tax return, will • Posted in: Estate Planning Basics • 2 Comments
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