Asset Distribution

A Will or Trust? It’s Not About the Size of Your Estate

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When I use the word “trust” in a consultation, people often quickly tell me that they don’t have enough money or assets to require a trust. This is a common misconception, that a trust requires a vast estate. Perhaps we owe that to the word “trust” conjuring up visions of large philanthropic organizations that operate exclusively out of a trust, or “trust fund babies.”

In fact, a trust can often cost much less in administrative fees, on the back end, to ...

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If an Estate Plan Were a Car: Understanding Will-Based vs. Trust-Based Planning

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Wills and Trusts

If you’re looking for an attorney for a will or trust, and are confused about the differences between a will-based estate plan and a trust-based estate plan, you’re not alone. Your Caring Law Firm handles both wills and trusts, and can help you decide whether a will or trust based estate plan is best for you.

According to a recent informal survey we conducted of a group ...

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Fighting Over an Estate After a Death

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You probably own some items of real or sentimental value (jewelry, antiques, art, heirlooms, furniture, clothing, etc.) that you want a certain child, grandchild, special friend, relative, or organization to have after you die.

Or perhaps you simply want to provide an orderly way for your belongings to be divided among your heirs after you’re gone. We’ve all heard stories about fighting over Grandma’s piano or fine china. The damage is sometimes so deep that siblings don’t speak to each other ...

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Your Child and Their Inheritance: How to Share the Financials

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Most children are left in the dark regarding detailed information about their parents’ financials. Well-off parents may not want to tell their children for fear of them becoming dependent. Parents who struggle financially may not tell their children as a means to keep them from worrying. Both approaches are understandable, but in failing to speak to children about the family wealth, children may be unprepared for what will happen after their parents are gone.

As a group, baby boomers are heartened ...

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