When you think about estate planning, you may start with the assumption that having a will is enough to pass your property on after you pass away. The reality is that a will isn’t always enough to protect your assets or prevent certain assets from going into probate....
Month: March 2022
What is a life insurance trust?
As you do your estate planning, there are many different ways that you can use trusts to ensure that your wishes are carried out. Some people use an incentive trust to attempt to get their heirs to live in a certain way, while others use an educational trust to pay...
Is an estate executor the same as a successor trustee?
An estate executor is someone named in a will who ensures that your final wishes are carried out and your assets go to the heirs you designate. A successor trustee oversees a revocable trust you created if you become unable to do so or if you die. That successor...
Why estate planning should be on every new business owner’s to-do list
As a new business owner, your sole focus may be getting your business off the ground. However, you also need to constantly have an eye toward the future, and that means getting an estate plan together. Your new business could flourish, and it may even become your...