Welcome to the Ultimate Guide to Estate Planning
We've built an extensive estate planning guide to help you educate yourself about the estate planning process, tools you can use for estate planning and how to find expert legal advice throughout the estate planning process.
Let's get started with an overview of estate planning...
Estate planning is the process of making arrangements and decisions for the management and distribution of your assets and possessions after you pass away or become incapacitated. It involves setting up legal documents and structures to ensure that your wishes are carried out, and your loved ones are taken care of according to your intentions. Estate planning is not only about distributing wealth but also about ensuring the smooth transfer of responsibilities, making healthcare decisions, and minimizing taxes and potential legal complications.
Let's dive into the function of a will.
A will, also known as a last will and testament, is a legal document that allows a person to express their final wishes and instructions regarding the distribution of their assets, properties, and possessions after their death. It serves as a legally binding declaration of how the individual wants their estate to be managed and distributed among their beneficiaries.
- What is the purpose of a will?
- What are the componenst of a will?
- Choosing an executor for your will
- Should you hire a will planning lawyer?
- What do you need to consider before writing your will
- What is the difference between a will and trust?
Let's explore what a trust is and how it's used in estate planning.
A trust is a legal arrangement in which one party, known as the “trustor” or “settlor,” transfers assets or property to another party, known as the “trustee,” for the benefit of a third party, known as the “beneficiary.” Trusts are commonly used in estate planning to manage and protect assets, as well as to ensure that the assets are distributed according to the trustor’s wishes.
- What is a trust?
- What is the importantance of a trust in an estate plan?
- Why use a trust for estate planning?
- What is the difference between a will and trust?
- How a living trust can help take care of your loved ones
- Choosing an executor for your trust
- How to transfer assets of an irrevocable trsut
- 5 important questions to ask your attorney about living trusts
Ready to get started with your estate planning? We want to provide you with several options to continue to educate yourself, get your questions answered and start today!
- LEARN HOW EASY IT CAN BE TO PROTECT YOUR ASSETS WITH A FREE 45-MINUTE ASSET PROTECTION TRAINING WEBINAR
- REGISTER AND ATTEND A FREE IN-PERSON ESTATE PLANNING MADE EASY WORKSHOP AND GET TAKEN THROUGH THE ESTATE PLANNING PROCESS
- WHEN YOU ARE CONFIDENT AND READY,CONTACT US AT (770) 212-2181 TO SCHEUDLE A 1:1 CONSULTATION WITH ONE OF OUR ESTATE PLANNING ATTORNEYS
The Importance of Estate Planning for a Smooth Transition