A recent survey found that only 17% of Americans have set up a trust as part of their estate plan. What is worse, only 3% of those asked even mentioned a trust when asked to talk about what estate planning involves. One of the major issues with trusts is that people...
When people talk about inheritances, they often use the terms heirs and beneficiaries interchangeably. Yet, there are two different words for a reason. They do not mean the same thing. What is a beneficiary? If you make a will, you can decide to whom you would like to...
Imagine this. In a few years from now, you pass away unexpectedly. Your spouse is consumed by grief, your children inconsolable. All any of them want to do is lock themselves in the house and cry. Yet they cannot, for there are essential tasks to be done, such as...
Many people put off their estate planning. They think they are too young or too poor to need one. Or they intend to make one but never get around to it. While this is the biggest error you could make, it is not the only one. Estate planning errors could cost you and...
