Category: Simple Wills

The Pros and Cons of a Revocable Trust

Like most estate planning devices, a revocable living trust is not right for every estate. A recent article discusses several of the pros and cons of creating a revocable living trust. A revocable living trust is a trust that a person establishes during their life with their own assets. The terms of the trust can[...]

Essentials of Estate Planning

Estate planning is smart for everyone, without exception. No matter how wealthy or poor, everyone has an estate. Many people falsely assume that, because they are not wealthy, they do not need an estate plan. This could not be further from the truth. A recent article discusses why estate planning is essential for everyone. The[...]

Estate Planning Myths & Misconceptions – Myth #3 – An Estate Plan Is Not A Will

Most people think of "doing estate planning" as the act of creating and signing a will. While in some cases, a will is the best instrument, you can't get to that answer without engaging in a comprehensive process where the lawyer gets to learn about you and your family, your goals and desires, your values[...]

Making a Will

If you're thinking about making a will, here are few things that you should think about before drafting the will (or having an attorney help you think about these things and draft the will for you): 1.  What assets will you be putting in the will? Take an inventory of your significant assets.  These should[...]

Top Tips for Selecting an Estate Planner

Having practiced in this area for a while, here are some practical tips for selecting an estate planner. I promise that this is not a thinly-veiled way of describing my practice. Although we have many of these qualities, I believe that these tips have universal value. 1. Select an attorney who is an excellent listener.[...]

Do You Have These 3 Legal Papers?

This post is important enough that I might run a variation of it every month for year. Let me spoil the surprise and give you the answer up front. You should have: A Durable Power of Attorney for Health Care A Durable Power of Attorney for Finances A Living Will The first and second one[...]