Don’t Make the Mistake of Forgetting to Fund your Living Trust

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There are a variety of individuals who are choosing to place their final affairs in a living trust as opposed to a will, because they offer unique benefits and allow the individual to remain in control of their assets until they pass. However, with living trusts continuing to grow in popularity, there are an overwhelming number of individuals who do not realize that funding your living trust is an extremely important part of the ...

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Benefits of a Living Trust

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As daunting of a subject as discussing your final wishes can be, it is extremely important if you want the ones you love most to be able to grieve in peace. With so many unique benefits of a living trust, many individuals are choosing to utilize living trusts over wills to settle their final affairs.

  • If avoiding probate is a main concern for you, a living trust may be the best option for your final wishes. When you avoid the probate ...
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Estate & Trust Litigation: Mediation

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Unfortunately, the death of a loved one is often followed by family turmoil, which results in estate and trust litigation. In avoiding the formality of court, many individuals who are looking for a simpler way to solve their problems will turn to mediation. Mediation involves discussing the conflict at hand with the neutral third person being the mediator. Unlike a judge, a mediator simply assists the conflicting parties in coming to a mutual agreement, rather than taking sides or making ...

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Importance of an Estate Planning Attorney

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When it comes to guaranteeing that your final wishes are carried out as planned, you must be diligent in your estate planning. There are a variety of specifications and legal implications that you must get 100% accurate in order for the will or trust to carry through as planned. When it comes to finding an attorney, you must choose one you trust to carry out your final wishes. If you are not yet convinced of the importance of hiring an ...

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Avoiding Common Celebrity Estate Planning Mistakes

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It is no surprise that estate planning is a complex and invasive process. However, estate planning for celebrities can be extremely complex with so many interested parties involved in the process. With recent celebrity deaths and will and trust mistakes, it becomes increasingly more important that we learn from these celebrities’ mistakes. Many experts and lawyers attribute celebrity will mistakes to their hectic lifestyle. Wills, trusts, and estate planning must be updated whenever one experiences a major life change; however, ...

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Using Living Trusts To Avoid Probate

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As you may have heard about the complex and long process of probates, you may be inclined to try and avoid the process altogether. When you are going over your estate planning desires, your main priority is likely leaving as much of your wealth to your children and heirs as possible. Through the probate process, you are required to leave a good amount of your money to probate lawyers. Did you know that living trusts make it possible to avoid ...

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Executor of an Estate: Being Relieved of Duties

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It is common knowledge that the probate process sometimes takes several years to complete. In order to close the probate process, the executor of the estate must request a release of their duties from the court. However, what happens if the executor never requests a release from their duties, and chooses to do so several years later?

Often, an executor of an estate fails to ask the court to relieve them of their duties in a timely manner, and decide they ...

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Preparing Your Financials for Deployment

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Deployment orders typically raise an abundance of questions and concerns. One of the most important steps that need to be taken care of before an individual is deployed is arranging their financial assets. Compiled are some helpful tips to get you through this process:

  • You will want to appoint someone to handle your financial affairs while you are deployed. If you are a single parent, you will want to appoint someone as a temporary guardian as well. A power of attorney ...
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