Myths About Estate Planning By Patricia Louise Nelson of Bend, OR There are many myths circulating about estate planning. This article discusses a few of them. The first myth we will cover today is that a will avoids probate. This is the number one misconception my estate planning cl
Estate planning doesn’t have to be complicated or overwhelming! With our expert services, you can ensure that your loved ones are taken care of and your legacy is secure! From wills and living trusts...
If you don't have a will, a court decides who gets your assets.
Do you wonder what happens if you don't have a living trust? Learn these 6 (honest) reasons you wouldn't need one. Know what's best for your estate plan!
Discover the pitfalls of DIY Wills and Trusts online. While promising savings and security for your loved ones, these shortcuts may lead to unexpected complications. Learn why professional guidance is key to truly protecting your family's future. Read more to avoid common mistakes.
Pin on Examples Business Plan Templates from will and estate planning template, image source: pinterest.com
Enjoy peace of mind knowing that your assets will pass to your family according to your wishes Regardless of your age or income, writing a legal will is one of the greatest gifts you can give your family. But where do you begin? Wills & Trusts Kit For Dummies walks you through the most important considerations to have in mind when you’re deciding what will happen to your estate when you’re gone. Writing a will or setting up a trust isn't as fun as binge watching the latest hot web series, but this book makes the task a little less daunting. Find out who needs a will or trust (spoiler alert: everyone!), when you should create one, and how to take the first steps. Handy online content includes practical worksheets, forms, and templates that simplify and explain the process of estate planning in language that doesn't require a legal education to understand. With the help of Wills & Trusts Kit For Dummies, you'll have a document that details your final wishes before you know it. Navigate probate, tax, and state laws that govern how property is passed to the next generation Avoid the most common estate planning pitfalls and mistakes Choose qualified professionals and specialists to help you make the best decisions for your family Designate a guardian for your children and plan for their financial needs You deserve to know that your loved ones will be properly taken care of when you’re no longer with them. Wills &Trusts Kit For Dummies delivers straightforward guidance and peace of mind on a subject that, sooner or later, we all must face. *Please reference the Introduction to access a webpage where you will find a number of downloadable files and forms to create a will, living trust, living will, durable power of attorney, and healthcare proxy.* Product DetailsISBN-13: 9781119832188 Media Type: Paperback Publisher: Wiley Publication Date: 11-02-2021 Pages: 416 Product Dimensions: 7.30(w) x 9.00(h) x 1.00(d)About the Author Aaron Larson is an attorney practicing law in Ann Arbor, Michigan. He formerly worked for the Institute of Continuing Legal Education, where he developed professional education programs for lawyers in areas including estate planning. He operates the ExpertLaw website.Table of Contents Table of ContentsIntroduction 1 Part 1: Getting Started with Your Will or Trust 5 Chapter 1: Ensuring That Your Last Wishes Are Honored 7 Chapter 2: Making Crucial Decisions 25 Chapter 3: Gathering Pertinent Information 41 Chapter 4: Planning Your Bequests 53 Chapter 5: Providing for Your Children and Dependents 77 Chapter 6: Dipping into Your Pocket: The Tax Man (and Others) 87 Part 2: Everything You Need to Know about Wills 107 Chapter 7: Writing and Signing a Will 109 Chapter 8: Navigating the Land Mines 127 Chapter 9: When You Already Have a Will 145 Chapter 10: Estate Administration: What Happens in Probate Court 157 Part 3: Trust Me! How Trusts Work 171 Chapter 11: The Anatomy of a Trust 173 Chapter 12: Dead or Alive: Picking Your Trust 187 Chapter 13: When You Already Have a Trust 209 Part 4: Carrying Out the Intent of Your Will and Trust 219 Chapter 14: Planning for Your Incapacity 221 Chapter 15: Those Cushy Retirement Funds 245 Chapter 16: Life Insurance: Making Sure It Doesn’t Backfire 259 Chapter 17: Your Castle: How It’s Owned Makes a Huge Difference 271 Part 5: The Part of Tens 285 Chapter 18: Ten Common Will Mistakes 287 Chapter 19: Ten Reasons to Have a Trust 295 Chapter 20: Ten Tax Traps to Avoid When Planning Your Estate 303 Part 6: Appendixes 313 Appendix A: State Signing Requirements 315 Appendix B: State Inheritance Taxes 341 Appendix C: Estate Planning Worksheet 345 Index 373 Show More
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Everyone needs to create some form of estate plan in life, whether it's for yourself or a loved one like a parent. Learn how to talk about and plan your financial legacy.
Many people don't take the time to think about estate planning because they think it's only for the wealthy or those living in retirement. But thinking about estate strategies is important for just ab
Making an estate plan ensures that your assets, possessions and property are distributed amongst your loved ones in the way you want them to be when you die. The primary component of any estate plan is a last will and testament. The PDF attachment looks at what this document is. However, there are often more […]
Contact our Oklahoma estate planning attorneys at (405) 843-6100 to learn more about how we can help you.
Power of attorney is a legal document allowing someone else to make decisions for you if incapacitated, but applicable only while you’re alive; it doesn’t extend beyond your lifetime.💛✨...
plus, why it's important
If you have a will or trust, congratulations. But you’re not done with estate planning.
The unexpected could happen at any time, so it’s always a good time to review your own estate planning needs. It’s something that many people overlook.
In this article, we'll compare and contrast a living trust and a will, so you can make an informed decision about which is right for you. We will dig deep into the key differences between these two types of documents, and explain how each works.
It's more than just passing on wealth! Ensure your healthcare wishes are respected, appoint guardians for loved ones, and manage digital assets with a comprehensive estate plan.
Will you be there to help?
Discover the essential steps, costs, and everything you need to know about setting up a trust. Safeguard your assets and plan for the future with our guide.
Unlock the secrets of estate planning in 2024 with our latest reel! Discover the three types of wills that can secure your legacy and ensure peace of mind. Watch now to make informed decisions for...
When leaving money to grandchildren, it's important to consider setting up a trust for minors, distributing assets based on need, understanding tax implications, reviewing beneficiary forms, and prioritizing your own financial needs before being overly generous.
If you’re the beneficiary starting out on trust planning, you might not know next steps. Find out what questions to ask your parents and the trust administrator to feel empowered and informed.
We all want to protect our children forever. Learn how about will vs estate planning and which one is right for your family.
BarCharts, Inc. was founded on our law guides. Created by the owner, they were not only designed to understand the significance of details within the larger scheme of the law, but also as a daily refresher to review for the Bar Exam. Twenty-five years later we keep those guides up to date for students, paralegals, and practicing lawyers to have the most handy legal reference to the most important points of the law possible in 6 laminated pages. 6-page laminate guide includes: Freedom & Power To Transfer Property At Death Execution Of Valid Will Scope Of Will Construction Of Will Revocation Of Will Contracts Concerning Wills Disposition Of Decedent's Property Probate Intestacy Advancement Transfer To Minor Will Substitutes Bars To Succession Trusts Terms
Don’t leave your digital assets vulnerable and inaccessible to your loved ones. Protect them with a living trust and a password ledger. 💻🔒 Your successor trustee shouldn’t have to scramble to access...
