By Andrew Gilliland | Published April 14, 2021 | Posted in Uncategorized |
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⟩ 3 Reasons You Want to Avoid Probate
When you pass away, your family may need to visit a probate court in order to claim their inheritance. This can happen if you own property (like a house, car, bank account, investment account, or other asset) in only your name. Although having a will is a good basic form of planning, a will does Read More
Read More10 Types of Trusts: A Quick Look
“Protecting What’s Yours!” is our primary goal. A trust is a great way to meet this goal. Considering the myriad of trusts available, creating an estate plan that works can seem daunting. However, that’s what I, as an estate planning attorney, do every day. I know the laws and will design a plan which addresses Read More
Read MoreWhat To Do When a Disability Throws Your Estate Plan Into Chaos
Work with a qualified estate planning attorney to ensure that: There’s an authorized person to make financial and healthcare decisions for you if you become mentally or physically unable to do so yourself. There’s also an authorized person to manage your property, pay your bills, file your taxes and handle similar business if you’re unable Read More
Read MoreFAQs on Blended Families
I’m married to my second spouse, but my spouse and children from my first marriage get along really well. Why would I need to consider estate planning? They may be getting along well now, but there’s no telling what will happen after your death. The court records are full of cases that could be said Read More
Read More3 Asset Protection Tips You Can Use Now
“Protecting What’s Yours!” is our goal. We want to help you keep what you have worked hard for during your life. There is a common misconception that only wealthy families and people in high risk professions need to put together an asset protection plan. But in reality, anyone can be sued. A car accident, foreclosure, Read More
Read More3 Celebrity Probate Disasters and Tragic Lessons
“Protecting What’s Yours!” is our primary goal. With extreme wealth accumulated, one would assume that celebrities would take steps to protect their estates. But think again: Some of the world’s richest and most famous people enter the pearly gates with no estate plan in place, while others have made estate planning mistakes that tied their Read More
Read MoreHow to Choose a Trustee
“Protecting What’s Yours!” is our primary goal. When you establish a trust, you name someone to be the trustee. A trustee does what you do right now with your financial affairs – collect income, pay bills and taxes, save and invest for the future, buy and sell assets, provide for your loved ones, keep accurate Read More
Read MoreDo you really need a trust?
Although many people equate “estate planning” with having a will, there are many advantages to having a trust rather than a will as the centerpiece of your estate plan. While there are other estate planning tools (such as joint tenancy, transfer on death, beneficiary designations, to name a few), only a trust provides comprehensive management Read More
Read More5 Reasons to Protect Your Retirement Accounts Now
During your lifetime, your retirement account has asset protection, but as soon as you pass that account to a loved one, that protection evaporates. This means one lawsuit and POOF! Your life long, hard earned savings could be gone. Fortunately, there is an answer. A special trust called a “Standalone Retirement Trust” (SRT) can protect Read More
Read MoreThe Perils of Joint Property
People often set up bank accounts or real estate so that they own it jointly with a spouse or other family member. The appeal of joint tenancy is that when one owner dies, the other will automatically inherit the property without it having to go through probate. Joint property is all perceived to be easy Read More
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