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A Living Will is Not a Will (But No Less Important)

Lawyers are occasionally guilty of speaking legal jargon that a non-lawyer has no idea what the lawyer is talking about. For example, an estate planning lawyer (or perhaps an estate planning website you found) may suggest that you execute a living will in addition to a will, health care proxy and power of attorney. You probably already know that a will is but may have no idea what a living will is. Continue reading “A Living Will is Not a Will (But No Less Important)”

Should You have a Revocable Living Trust?

A Revocable Trust is a tool used by estate planners which can work very well, if it fits the particular circumstances. A Revocable Trust does not avoid income or estate taxes, and this blog will not cover the asset protection uses for these trusts (see Protecting your Home from the Catastrophic Cost of Long Term Care by Ami S. Longstreet). Continue reading “Should You have a Revocable Living Trust?”

It’s That Time of Year Again

What’s on your list of New Year’s resolutions?  No doubt a resolution to create or review your estate plan is not at the top of your list.  But estate planning is as important as resolutions to lose weight, spend time with family or be more frugal. Continue reading “It’s That Time of Year Again”