A living will serve a different purpose than a last will and testament. While your will clarifies how you would like your assets to be distributed upon your death, a living will outlines your medical preferences in the event you become incapacitated. Many people put off executing a living will – believing it’s only for the sick or the elderly, but this is a shortsighted approach. The idea is to have your living will in place in the event you ever need it, and while this day – fortunately – may never come, you’ll be well prepared if it does

A living trust is a legal document that creates a trust while you are alive, and the beneficiaries you assign to the living trust receive the assets you assign to them upon your death. In other words, a living trust is a lot like a will in the sense that it outlines your wishes regarding your assets upon your passing. A living trust, however, goes further than a will by bypassing the cumbersome probate process and ensuring that your legacy passes smoothly to your loved ones – in accordance with your wishes and with the fewest legal interferences

Many people are under the impression that estate planning is something only the wealthy can afford – yet they remain interested in preserving their legacy, continuing to support their loved ones, and passing on their assets according to their wishes when the time comes. The truth is that estate planning is more accessible than you likely realize, and having a costly estate planning attorney is not required. You’ve got this helpful guide, and you have TrustHandled! a well-respected company that offers solid online self-help solutions for common

Your last will and testament is an important part of your estate plan, which represents your legacy and is a symbol of your continued commitment to your loved ones. Estate plans are not just for the wealthy and their tony estates. Estate, in this context, simply means the assets you’ve amassed, and estate planning refers to the plans you put in place regarding your final wishes. While estate planning may strike you as daunting, a well-respected company that offers solid online self-help solutions for common estate planning needs, such as