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Estate Planning

How to Avoid Probate: Techniques for Avoiding Probate

Once people understand what probate is and its downsides, it’s not a surprise that their next question is oftentimes how to avoid probate.  Fortunately, there are a number of available techniques for avoiding probate.   With careful planning, probate avoidance can generally be accomplished without too much difficulty. There are a number of techniques for avoiding probate, [...]

What is a Will? Will & Living Will Basics

We’ve all heard that we should create a will, oftentimes referred to as a “last will and testament.”  What is a will and what role does a will and living will play in estate planning? A will is a legal document that details a person’s final wishes concerning what they want to happen after their [...]

Intestacy 101: Intestate Succession Essentials

People who die without a legally valid will are said to have died intestate.  Such persons have no control over who receives their probate assets when they pass away.  Instead, intestate succession laws, also known as state intestacy laws, determine who will inherit their assets. When you die, your non-probate assets will pass to their [...]

What is Probate? The Probate Definition & More

During my career, I’ve met several people who have said something similar to the following to me: “I’ve heard that I need to do some planning to avoid probate; however, what is probate exactly?  Can you please just give me a good probate definition?" Probate is a fancy term for a legal procedure that may [...]

What is a Trust & How Does a Trust Work?

What is a Trust & How Does a Trust Work?

We all hear about trusts from time to time, but what is a trust and how does a trust work?  Are they only for the wealthy, or can they also be appropriate for people of more moderate means? A trust is basically an agreement whereby a person transfers property to another person or company that [...]

Estate Planning Basics

Estate Planning Basics

Estate planning is one of the most important components of a financial plan.  It also tends to be one of the areas people neglect the most.  I can’t tell you how many new clients I have met with who haven’t had an estate plan in place. An estate consists of all of the property that [...]

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