There are many reasons why you may be interested in avoiding probate. To avoid probate, you must make an estate plan well in advance of the time that you pass away. After your death, it will be too late for your family to avoid probate and they will need to go through the probate process. [ ] The post Top 4 Benefits to Avoiding Probate appeared first on Nirenstein, Horowitz & Associates P.C..
A revocable living trust is a very popular estate planning and asset protection tool. There are many reasons why you should consider the creation of a revocable living trust in order to protect your financial security and your legacy. There are also limitations as to what exactly a living trust can do. Nirenstein, Horowitz & [ ] The post 4 Reasons to Create a Revocable Living Trust appeared first on Nirenstein, Horowitz & Associates P.C..
When you are making investments throughout your life, you do not make snap judgments. Clearly, you worked hard for the money that you have to invest, and you want to be sure that you are making the right decisions. This mentality should also be applied to the estate planning process. You would certainly do research before you decide to make an investment, and you should also look into your estate planning options so that you can make the right choices. If you do take some time to examine the estate planning tools that are out there, you may find that a revocable living trust is an appealing choice. These trusts are very effective when certain circumstances exist. Let s look at five reasons why you may want to use a living trust as your primary asset transfer vehicle. 1.) Probate Avoidance A lot of people feel as though a last will is the best estate planning device for people who are not extraordinarily wealthy. In reality, this is not necessarily true. When a will is used, there are
The studies that have probed into the subject over recent years are all in concurrence: a plurality of American adults do not have the appropriate estate planning documents in place. When you consider the fact that you plan your estate to prepare for an event that is definitely going to happen to each and every one of us, this is a very disturbing trend. Some people fail to take action because they don t understand why estate planning is necessary. In this post, we will look at three compelling reasons why you should put a plan in place if you have been remiss to this point. 1.) An Estate Plan Protects Your Family Usually, when you make advance plans, you are taking action for your own benefit. On the other hand, when you plan your estate, you are devising a framework that will protect your family in the event of your passing. Everyone knows that older people are more likely to pass away than their younger counterparts, but there are no guarantees. When you become a self-supporting ad