Estate Planning Weekly

Which is right for you and your family? Joint Revocable Trust For married couples only; generally fist time marriages; longterm marriages; lots of joint property; and a common distribution plan. Individual Revocable Trust Unmarried individuals, 2nd, 3rd, or 4th marriages; his, mine and ours children; lots of separate property; and vastly different distribution plans. Book An Estate Planning Strategy Session - https://www.myestateplanmeeting.com https://www.nwlplanning.com

If you don't have a comprehensive Estate Plan, an unfunded trust can be a really big problem. That comprehensive Estate Plan should include a Pour-Over Will just in case an asset isn't moved into your trust before you die.   https://www.myestateplanmeeting.com

Both a Will and a Trust can be the cornerstone of your Estate Plan. However, they each operate at different times and in different ways. https://www.myestateplanmeeting.com

We use the word Spendthrift to describe Trusts and Beneficiaries. Essentially describing how we protect some beneficiaries from themselves. https://www.myestateplanmeeting.com

Moving to s new state can affect how your Estate Plan will work. Just like with having children and changes to your finances...when moving to a new state you need to review your Estate Plan. https://www.myestateplanmeeting.com

Technically an Estate Plan is good as long as it isn't revoked. However, changes to the law and your circumstances may mean that your Estate Plan won't work as well as it should. www.myestateplanmeeting.com

If you are relying on a Power of Attorney for incapacity planning you need to watch this. www.myestateplanmeeting.com

You - During your life. Your Loved Ones - After you are gone. www.myestateplanmeeting.com

If you have one of these you should get the other too. www.myestateplanmeeting.com

It's nobody's business what's in your Trust. This is how it stays private. www.myestateplanmeeting.com

Disinheriting someone is a difficult choice to make, but a simple thing to make happen. www.myestateplanmeeting.com

Experience with probate is often the driving force in choosing a Will or a Trust. www.myestateplanmeeting.com 

Yes and no. You and your family are better served with a comprehensive Estate Plan. www.myestateplanmeeting.com

Temporary/Emergency Guardians Short Term/Intermediate Guardians Permanent Guardians www.myestateplanmeeting.com

Keeping your documents safe and accessible is very important. www.myestateplanmeeting.com  

Taking over as Trustee usually comes at a difficult time, but you need to take steps to make sure your doing your job. www.myestateplanmeeting.com

Don't wait to get your Estate Plan in place, someday it will be too late. www.myestateplanmeeting.com

Some basics about why we do estate planning. www.myestateplanmeeting.com

Yes, but your first line of defense is having the proper insurance. www.myestateplanmeeting.com

5 Steps of the Estate Planning Process www.myestateplanmeeting.com