The process of estate planning should be viewed in a comprehensive light. It is important to see the big picture, and you should make sure that your estate plan is custom crafted to suit your individual needs.There is no universal one-size-fits-all estate plan, because different people have different objectives.In this post we will look at estate planning documents in general and provide some explanations.Transferring AssetsWhile there is no one estate planning document that is … [Read more...] about What Is the Most Important Estate Planning Document?
If you did not have a last will or any other estate planning documents expressing your wishes regarding asset transfers, what would happen to your property? This is a good question, and the answer is a multifaceted one.Basically, it all depends on the circumstances. Property that is in your direct, sole personal possession at the time of your death would be subject to the probate process.The condition that results from a total lack of planning is called intestacy. The probate court would … [Read more...] about How Is Property Distributed If There Is No Last Will?
We would like to draw your attention to the fact that the week of October 20th through the 26th is National Estate Planning Awareness Week. This week is very important, because most people in the United States are unprepared for something that is definitely going to happen.There are various different reasons why so many individuals are unprepared. A lack of understanding is one of the primary causes. Too many people simply don't understand why estate planning is important, and this is why … [Read more...] about Educate Yourself During National Estate Planning Awareness Week