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Estate Planning Q & A
Frequently Asked Questions
Question: Do I Need Estate Planning?
As Benjamin Franklin once said, “in this world nothing can be said to be certain, except death and taxes.” Given these inevitable certainties of life, many people nevertheless still put off estate planning. From being too busy to deal with it today and thinking that you have plenty of time to take care of it some other day, the failure to timely plan for the inevitable can leave your family having to pick up the pieces if something does happen to you....
Last Will & Testament
Question: Do I Need a Will?
Should I have a will? We get this question from clients often. The answer to this question depends on what you want to accomplish with regard to transferring your estate at the time of your death. ....
Question: What is a Living Trust?
A Living Trust is a written legal document used as a tool in estate planning to transfer assets to your heirs, and works as a partial substitution of your Last Will & Testament. With a living trust, your assets (your home, bank accounts and stocks, for example) are put into the trust, administered for your benefit during your lifetime, and then transferred to your beneficiaries when you die.
Question: Should I gift my house to the kids so I can go on Medicaid?
Medicaid planning can be tricky. Making the wrong move can cost you and your family a great deal. Simple planning, well in advance, can solve these problems by...