Author: Tom

Funding a trust involves transferring assets from an individual’s ownership to the trust itself. Once created, a revocable living trust acts as a separate legal entity capable of owning property and assets. This process, known as funding, is essential for avoiding probate and ensuring Continue reading →

When preparing for an initial estate plan consultation, it’s important to bring a variety of documents to provide a comprehensive overview of your financial situation, family dynamics, and your wishes. Here’s a list of common documents and information you should consider bringing: Continue reading →

A Last Will and Testament and a Trust are both estate planning tools that can be used to manage and distribute a person’s assets after their death, but they have some key differences in how they function and are executed.

Definition and Purpose

Last Will and Testament: A legal document Continue reading →

In the world of estate management and probate law, navigating the intricacies of how an estate is settled can be complex, particularly when it comes to understanding the roles of an executor and an administrator. These terms represent key positions in the process of distributing a Continue reading →

Having a will is crucial as it ensures your assets are distributed according to your wishes after your death. Without a will, your estate falls under the intestacy laws, potentially leading to unintended distribution outcomes.

Key benefits of having a will include:

• Control Over Asset Continue reading →

In today’s world, where we live a big part of our lives online, estate planning isn’t just about physical things – it’s also about our digital life, especially our social media. Your Facebook, Twitter, and Instagram hold memories and connections, and planning for what happens to them Continue reading →

Estate planning is a fundamental aspect of securing your financial legacy and ensuring that your wishes are honored. Just like life, your estate plan is subject to changes and developments. Regular reviews of your estate plan serve as a practical approach to keeping it aligned with Continue reading →

Retirement planning is a critical aspect of financial foresight, and for business owners, the stakes are particularly high. Beyond the traditional concerns of individual retirement, entrepreneurs must navigate the complexities of ensuring a comfortable retirement while safeguarding Continue reading →

A living trust is a legal document that allows individuals to place their assets into a trust during their lifetime. Unlike a will, which only takes effect after death, a living trust becomes operational immediately, offering flexibility, privacy, and control over the distribution Continue reading →

Caring for elderly parents presents a myriad of challenges, and seeking legal guidance can significantly ease the complexities associated with their well-being and financial affairs. As an estate planning and elder law firm, our focus is to empower families with the tools necessary Continue reading →