For many, the first thing that comes to mind when discussing an estate plan is a will. A will accomplishes some of the basic goals of estate planning: effectively and efficiently transferring your property to whomever you choose after you die. However, a living trust can also accomplish this goal.
Dying without a will (also called dying “intestate”) results in the state deciding who inherits your property after you pass on.
Many estate plans involve a well-drafted will that ensures a smoothly-run probate process. Here are some of the advantages to probate.
As the coronavirus continues to disrupt daily life and leave American families uncertain of their future, you don’t have to feel helpless during this pandemic. Now is a great time to be proactive and plan ahead should you or a loved one fall ill. An advance healthcare directive is a great way to plan ahead.
