Daily Archives: May 9, 2017

Estate Planning Decisions – Choosing Trusts, Wills and Lawyers

I really like working on my estate: Painting, building, and even stuccoing. But there are exceptions, like plumbing. I hate plumbing.

One thing I've learned all about my handyman hobby is the fact I should be prepared to buy double the building materials that I will need to complete the job. Experience informs me that I'll use all those materials. My habit is to attempt to build the very first time, fail, and then to try it again. We Can Help Your Family and make a good estate planning for you and your family.

Some who never consider repairing a garage area door or stuccoing a wall structure would unthinkingly make a will or trust using many materials within bookstores. Bookstores abound with quick-fix be-your-own-lawyer books and CDs, presenting varieties and fill-the-blank varieties and programs for wills, trusts, and forces of the lawyer for health care decisions. You can also click here to get more information regarding estate planning.

A few of these do-it-yourself materials are fine, and could even be useful. If effectively used, several forms my work for a do-it-yourselfer. But imagine your case differs? Suppose you neglect to properly use the proper execution?

One thing I've seen about building materials would be that the old rule generally can be applied: you get what you purchase. The same holds true in estate planning. Nonetheless, it is also true that legal documents such as wills and trusts quite often do not "speak" before the writer is deceased or incapacitated.

Help! I Must Avoid Probate!

As a youngster, I recall finding a dense blue booklet in my own family's bookshelf compiled by Norman F. Dacy, entitled How to prevent Probate. The publication is a vintage and helped to spawn the move within real estate planning field from wills, and toward "living" or "inter Vivos" trusts (which is Latin for "during life").

Some now associate the term "probate" with the twin evils of price and wait. Many conclude that probate is "bad," but might not exactly have any idea why this is so, or even just what probate is. Simply mentioned, "probate" is a court-supervised approach to moving property and compensating creditors after death.