We haven’t discussed mistakes and misconceptions that many people have regarding trusts in a while. You may have a revocable living trust in your estate plan. Living trusts are very powerful planning tools that you can use for all kinds …
Articles
Can You Find Your Title Inusrance Policy
When you bought your home, especially if it has been purchased in the last 30 years or so, you most likely had included in your purchase agreement that the seller provide title insurance for the transaction. The title insurance premium …
The Court Can’t Stop Stupid
In a Dear Abby column sometime ago, there was a letter from Conflicted Sis In Maryland. Conflicted Sis explained that upon Grandmother’s death, Grandmother left some money to her grandson who was a life-long drug addict. That grandson was Conflicted …
Younger Adults Need Planning Too
You may be a younger adult. If you are like most young adults, planning for your retirement is one of farthest things from your mind. Planning for your disability, death or other catastrophe is even farther from your mind. It …
Survey
Last week we discussed buying a home. When buying a home, an issue which should be addressed is verifying which real estate you are getting with the purchase. One of the best ways, if not the best way, to exactly …
Buying a Home
You may be looking to buy a new home. A common mistake many people make after finding a home they like, is to sign a purchase agreement, also called an offer to purchase, and then bring the signed agreement to …
Protect Yourself From Business Creditors
You think have a valid corporation or a limited liability company (also called an “LLC”) because you have filed with the State. But do you have a valid business entity? Most business owners organize their business as a corporation or …
How to Leave an Inheritance to a Child or Other Beneficiary
You want to leave everything to your children or other beneficiaries after you are gone. If you are like many people whose estate plans I have reviewed, you may have just left immediate outright distributions to them. However, when you …
Titling of Assets
So you now have your trust. In addition to your trust, your estate plan should also include, at a minimum, your financial and healthcare powers of attorney and your pour-over will. Your financial and healthcare powers of attorney will allow …
Wills Guarantee Probate
Last week, we talked about what happens when you do not have a will. This week, we will discuss what happens when you do have a will. When you have a will, it only takes effect after your death. This …