Mar 6, 2024 | Estate Planning, Trust, Wills
We’re often asked: what’s the difference between a will and a trust? Both are useful estate planning tools that have different purposes, and both can work together to create a complete estate plan. A Will Alone May Not Be Enough When it comes to creating an...
Jan 29, 2024 | Estate Planning, Family, Trust, Trustee, Wills
Keep reading to learn what steps need to be considered when estate planning for someone with more advanced dementia. Seek a Cognitive Evaluation If your loved one’s cognitive capacity is in question, seeking a professional evaluation is a prudent and proactive step in...
Jan 21, 2024 | Estate Planning, Family, Trust, Trustee, Wills
In this article, we’ll explore the importance of estate planning, even after a dementia diagnosis, as the best method to ensure the wishes and rights of your loved one are protected. Understanding Incapacity When the effects of dementia make it difficult for a...
Oct 23, 2023 | Estate Planning, Trust, Updates
To make sure your trust works for you, avoid these funding fiascos and work with an attorney who will ensure that everything gets into your trust. Forgetting to Update Your Account Beneficiaries Many people mistakenly believe that a will or trust alone is enough to...
Oct 16, 2023 | Estate Planning, Trust
Enacted in 2020 and set to take effect on January 1, 2024, this act aims to tackle money laundering and terrorism financing schemes involving “shell” corporations—companies that exist merely on paper and don’t engage in actual business or trade (like...
Sep 5, 2023 | Estate Planning, Pets, Trust, Wills
Because you can’t leave money to your pet directly, your first thought might be to leave your pet and money for its care to someone you trust through your will instead. While this is an option, it’s not guaranteed to work. That’s because the person you name as the...
