Many people think of estate planning and financial planning as two separate jobs. You see a lawyer to write a will and set up trusts. You see a financial advisor to invest your money and plan for retirement. Each piece looks fine by itself. But if the two aren’t...
Two main responsibilities of the probate court are to determine the validity of a will and to ensure that it is faithfully executed. Although most states have exemptions for smaller estates, a will ultimately fall under the jurisdiction of the probate court. Similar...
Similar to a will and last will and testament, a trust document details how you want your assets distributed upon your death and how to take care of your minor children financially. There are two different types of trusts: revocable and irrevocable. Your trustee will...
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