Short answer – yes, you do! There is a misconception that estate planning is only for the extremely wealthy and its only purpose is to avoid estate taxes. But the truth is that having an estate plan does a lot more than that, no matter how much you have in the bank.
Every estate plan will be unique, the but the general elements of an estate plan usually include the following for each person: will (often known as a pour-over will), revocable trust (may also be known as a living trust), power [...]
If you haven’t gotten around to completing this “adulting” task, you’re in good company. A number of studies show that at least 60% of adults don’t have a will. We all procrastinate – but throw a newborn, a toddler [...]
This task can seem overwhelming. The truth, though, is that it’s about as easy as it gets for this type of thing. And let’s be honest, as parents we are nothing if not planners – we plan everything from complicated [...]
There are three major roles that you and your spouse need to fill within your plan: the executor, the trustee, and the guardian. The Executor. The executor is the person named in your will and is responsible for [...]
Trust’s goal is to make estate planning accessible and easy for families. We can do most of our meetings over the phone (during nap time or after bedtime or on the weekends), we charge a flat fee, and children are always welcome to join us when we meet to finalize your documents.