Bah Hum Bug to Estate Planning, We Should All Die Without a Will (Part 4) – Trusts

There are two types of common trusts, testamentary and lifetime trusts.  A testamentary trust springs into existence when someone dies.  These trusts are embedded in a will or another trust and are often used to protect assets or save taxes.  A lifetime trust is called a “living” or “revocable” trust.  ...
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/ Estate Planning, Probate, Trusts, Wills

Bah Hum Bug to Estate Planning, We Should All Die Without a Will (Part 2) – What is a Will?

A will is a legal instrument which states how a person’s property is to be distributed at their death.  It only takes effect after a person’s death and when admitted to probate.  A will is an important document because it allows the person making the will to pass property in ...
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/ Estate Planning

Estate Planning Mistakes to Avoid

Estate planning can be complicated and it’s not uncommon for people to make mistakes with their plans. So what are some of the more common mistakes? Not having an estate plan Not confiding in a trusted person that you have a plan and where to find it should something happen. Not updating ...
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/ Estate Planning