There are many differences between a Will and a Living Trust. When clients begin the estate planning process, an initial decision to be made is whether to center the plan around one or the other, according to The Northside Sun’s article “Do You Have a Will or a Trust? Why?” According to the article, the AARP indicates that most people prefer to use a Living Trust. One of the many differences between a Will and a Living Trust is that a Will operates only after your death. It i

Putting off estate planning is never a good idea. Life happens, and before you know it, “someday” arrives. Everyone can benefit from having a plan in place if the unexpected happens, says Forbes in the article “6 Reasons Why You Should Have An Estate Plan.” It doesn’t matter if you are rich or poor—you need an estate plan. People with families who depend upon them, as well as singles who don’t, all need an estate plan. Creating an estate plan involves planning for the disposi

You have likely heard the words “will” and “trust” as part of estate planning. What are the differences between the two, and how do you know which one you need? A will is the most commonly used legal document for leaving instructions about your property after you die. It is also used to name an executor — the person who is in charge of your assets, their distribution, paying taxes and any estate expenses after you die. The will is also very important if you have minor childre

The number one estate planning mistake is failing to have or to update an estate plan, says the Times Herald in the article “Top six estate planning mistakes.” Therefore, start by working with an estate planning attorney to create an estate plan, and you’ll be way ahead of most Americans. Why does this matter? An estate plan allows you to stay in control of your assets while you are alive, provide for your loved ones and for yourself in the event you become mentally or physic