There are various components that you need to get set up when you’re creating an estate plan. For some people, having a will isn’t enough. This is usually because they have a complex estate. Those individuals may need to set up trusts. When you’re trying to determine...
Building An Estate Plan That Is Right For You
Trusts
Trusts can protect the people who will inherit from your estate
When people create trusts, the goal is often their own protection. They want to prevent creditors from making claims against some of their property or set aside resources for their senior years that people won't be able to gain control over through guardianship....
How much money do you need to fund a trust for your estate plan?
There are numerous kinds of documents that you can include in your estate plan that will protect you or the people in your family. A will allows you to designate beneficiaries for your property and name a guardian if you have young children at home. Powers of Attorney...
Estate planning can protect you and your family from your debts
Debt is a standard part of the modern American household. Very few families can operate without some form of debt, whether they have credit cards or just a mortgage on their home. Your debts can affect your finances for the rest of your life, at least until you repay...