If you own cryptocurrency, you may have estate planning concerns. Since it does not follow the same rules as traditional property, the way it is accessed, stored, and transferred creates planning issues that a standard estate plan does not automatically address. The good news is that with the proper inheritance planning for cryptocurrency, you can … Read more
A living trust serves as the operational blueprint for your estate plan. It turns your goals into detailed instructions and identifies the people responsible for carrying them out. When you create the trust, you take on several roles at once. Initially, you are the grantor, the trustee, and the primary beneficiary. You also name the … Read more
One of the most common misconceptions related to estate planning is the idea that trusts are only for the wealthy. A lot of people think that a will is the only logical choice for most of us, but this is not the case at all. Let’s look at five compelling reasons to use a trust … Read more
If you live in Texas and own a vacation home in another state, your estate plan may not be as complete as you think. Even if you already have a will, that out-of-state property could trigger an unexpected complication for your family. Without the right structure in place, they may have to go through ancillary … Read more
Far too many people assume that a simple will is the estate planning document to use unless you’re a multimillionaire. In reality, this is probably the most widely embraced myth in our field. Granted, a will can suffice when the situation is extremely simple and straightforward. However, there are many different types of trusts, and … Read more
During times of high stress such as tragedy or emergency, we tend to feel helpless. This article explores how a comprehensive estate plan helps reduce anxiety in uncertain times.