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Sometimes, people don’t always make the right choice when they name someone to serve as executor of their will or trustee of a trust. They might pick someone who is unethical, or they might just choose someone who is unprepared to handle the responsibility and makes a mess of things. […]
Category: Estate Planning
Prenuptial agreements are commonly seen as arrangements to protect each partner’s interests in case their marriage ends in divorce, and for that reason, they have a negative reputation. However, all marriages end at some point, either due to death or divorce, and a prenuptial agreement can affect property rights when […]
When you’ve taken the right steps to protect yourself and your family by creating a will, power of attorney, trust, and other estate planning documents, you deserve a big round of applause. Most people know they should do something, but they never take action. Others start the estate planning process […]
Understanding Pour-Over Wills Compared to Traditional Wills
November 29, 2024 April Nordhaus Estate Planning Probate and Estate/Trust Administration Wills & Trusts
If you are considering or have already created a revocable living trust, you may have heard that you should have a certain type of will known as a “pour-over will” to complement the trust. This is good advice, but it is a little confusing if you’re not thoroughly familiar with […]
A will is the best-known component of estate planning. People realize that they need to have a will even if they don’t understand that they have an estate. In movies, we see people writing out a will and leaving it for others to find. We also see ads for do-it-yourself […]