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...
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...
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...
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...