Frequently Asked Estate Planning Questions

What is Estate Planning? Estate planning is the creation of a definite plan for managing your wealth while you’re alive and distributing it after your death.
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What is Living Probate? Most people think “probate” is something that happens when you die. Unfortunately, probate can also happen while you’re alive.  It is often referred to as a living probate but technically it is called a conservatorship or guardianship proceeding. (Read More…)

What is Death Probate? When you think about it, probate is not difficult to understand.  At your death, your assets need to be retitled and distributed to your heirs, your debts need to be paid and any loose ends need to be looked after. (Read More…)

What are Death Taxes? In addition to the expense and delay of probate, your family may also be liable for death taxes.  There are two types of death taxes: the federal estate tax and the state estate/inheritance tax. (Read More…)

What is a Trust? A trust is a contract between the creator (you) and a trustee.  The trust contract becomes “Living” so to speak when assets are retitled in the trust name. (Read More…)

What Can a Living Trust Do For You? If you become disabled or are unable to manage your estate, your living trust avoids the need for a court mandated conservatorship. (Read More…)

Estate Planning Alternatives: Which Estate Planning Alternative is best for you (Read More…)

Estate Shrinkage of Famous People Who Failed to Plan: Marilyn Monroe, Elvis Presley, J. P. Morgan, William E. Boeing (Read More…)