One of my favorite TV commercials is for an app that helps people find a financial advisor. It features a man being wheeled out of his house on a gurney who says to the EMTs, “In hindsight, I probably shouldn’t have tried to remove my own appendix. What was I thinking?” The voiceover goes on […]
Probate is a legal process that comes into effect upon your passing, and its purpose is to supervise the fair distribution of your assets to your heirs, beneficiaries or creditors. The process is triggered when your assets are frozen, which basically means that you haven’t designated any beneficiaries nor joint owners who could inherit your […]
It depends! (Typical lawyer answer). The fact is that no two estate plans are exactly the same. Your goals, family structure, and particular situation will dictate what kind of estate plan you need. Let’s look at a few important factors to consider when deciding between a will-based estate plan and a revocable living trust-based estate […]