Estate plans are effective when they accurately reflect your wishes based on your most current life circumstances. Too often I hear about estate plans that were prepared before major life events have rendered them outdated which can create conflict for your loved ones. Children are born. Divorces happen. Beloved family members pass on. Any number of things can make a once-current estate plan no longer reflective of your true intent. Below are three considerations that may war

Many people feel confused about what they need to get their estate in order. Here are the essentials of a basic estate plan: 1. Will. Your Will is a legal document in which you give certain instructions to be carried out after your death. The role of an executor is to identify and gather all assets, identify all debts and potential claims against the estate, safeguard and protect assets including any real estate investments, and carry out the provisions of the Will for dis

Certain assets avoid probate because the owner of the asset is able to name beneficiaries who will receive the benefit at the owner’s death. Life insurance is one of those assets. So when you create a Revocable Trust as part of your estate plan it is really important to update the beneficiaries of your life insurance policies to reflect your wishes and have it work with your overall plan. Here is some general information for you to consider. Naming Life Insurance Beneficiari