I have seen on many different occasions demonstrations on just how important a well-crafted estate plan is in protecting one's assets and ensuring a smooth transition of wealth to future generations. Unfortunately, many individuals neglect this crucial aspect of financial planning, leaving their loved ones vulnerable to unnecessary complications and disputes. In this blog post, [...]
A basic estate plan typically includes a will, financial power of attorney, and health care directives. In this blog post, I will explain why everyone needs at least a basic estate plan from the perspective of an estate attorney. What is a Basic Estate Plan? A basic estate plan is a set of legal documents [...]
Probate is the legal process of distributing a person's assets after their death. While probate can be a necessary step to ensure a person's assets are properly distributed, it can also be a time-consuming and costly process. This is why many people choose to use a revocable living trust as a probate avoidance strategy. As [...]
As an estate attorney, I often advise clients on the importance of creating a financial power of attorney as part of their estate plan. A financial power of attorney is a legal document that designates a trusted person (the agent) to manage your financial affairs in the event that you become incapacitated and are unable [...]
