We develop comprehensive plans that incorporate the legal, financial, and health care needs of our clients.
All in Probate
Owning property in more than one state can be a wonderful way to diversify your lifestyle or investments. Maybe you enjoy summers in the mountains and winters at the beach, or perhaps you own a family cabin in another state in addition to your primary residence. While this can enhance your quality of life, it also complicates matters when it comes to estate planning — especially the probate process.
When considering how to pass your assets on to the next generation or other beneficiaries, you have many options. One tool in your estate planning toolkit is the transfer-on-death account.
People are often surprised when I tell them that their will is a ticket to court. The common misconception is that a will is all you need. If you own, say a: house, car, bank account, some jewelry, and guns, and you are planning for your will to control their disposition, you may be unintentionally creating more work, more expense, and more drama for your loved ones.
Concern: I have a will, but I’ve heard that I might really need a trust. How do I figure out what is best for me?
It is important to address heirs property before generations go by and more heirs are added to the list of parties to the eventual lawsuit.
