Question: What does it accomplish? Answer: Allows you to distribute your Estate Property in the manner you chose. So in effect you are providing instructions stating whom you want to receive something of yours, what you want them to receive, and when they are to receive it. Without a Will, your Estate Property is distributed […]
estate planning
What is the difference between a revocable and irrevocable trust, and which needs do they serve?
The ability to change is at the heart of the difference between revocable and irrevocable trusts. Revocable trusts take their name from the trustee’s ability to “revoke” (i.e. change) provisions of the trust agreement after signing. These changes could include adding or removing beneficiaries of the trust by amendment or even dissolving the entire trust. […]
My Aged Parents Refuse to Discuss End-of-Life Care and Getting Their Affairs in Order
No one is keen to discuss “the End,” as if talking about it will somehow hasten it, or not talking about it might prevent it from happening! By encouraging your parents to prepare for the end of their lives, you are not only acting as a responsible and loving child, but you are saving time, […]