An older relative may have asked you to serve as the executor for your relative’s estate. Now that your relative has died, the time has come to assume the duties of executor, which include overseeing the estate and dispersing its assets to heirs. To minimize the...
Month: March 2021
What are your options for trusts?
You feel ready to tend to your estate plan, and you learn about wills and trusts. Do you understand the different trust options? CNN Money describes multiple legal entity types. Determine which suits your needs most favorably. Revocable/Irrevocable With a revocable...
Should you rely on a “sweetheart will”?
A so-called sweetheart will describe an estate plan in which the first spouse to die leaves everything to his or her surviving spouse. When the second spouse dies, the couple's children divide the remaining assets. Review these considerations if you and your spouse...
