What Does HEMS Mean & Why Is It Included In My Trust? The Importance Of HEMS Trust Standard In Estate Planning In the world of estate planning, you may come across the acronym HEMS from time to time. HEMS stands for “health, education, maintenance, or support” and is frequently included in trust agreements to guide [...]
Who Is Joseph P. Kennedy & Why Is He Named In My Trust? Joseph P. Kennedy: What Does It Mean Having Him Named In Your Estate Planning Documents? Occasionally, a person who has completed an estate plan with their lawyer may be surprised to discover a reference to Joseph P. Kennedy and his descendants [...]
What Does It Mean To Decant a Trust In Estate Planning? Decanting: A Powerful Estate Planning Tool To Replace The Terms Of An Irrevocable Trust In a constantly evolving world, having the flexibility to adapt to changing circumstances is a valuable trait. But is flexibility less important in estate planning than in other areas of [...]
A Complete Guide To Trust Funding Funding a Trust: What It Is & How To Do It Correctly Working with an attorney to draft a trust agreement for estate planning purposes is an important step. But just getting the document drafted and signed is not enough. For any trust to be effective, you must complete [...]
Is Probate Necessary In Estate Planning? Arizona's Trusted Estate Planning Attorneys Explain Why Probate Is a Good Thing Avoiding probate is a common goal for individuals deciding how they want their money and property to be handled when they pass. It is a worthy one and is regularly promoted by estate planning attorneys across the [...]
Life Insurance & Estate Planning: Key Facts You Should Know About How Life Insurance Can Protect Your Loved Ones & Provide Them The Life They Had Envisioned Part of protecting your loved ones when you pass away is making sure that you have a proper estate plan in place. Another aspect is making sure that [...]
Including Life Insurance In Your Estate Plan To Protect Your Beneficiaries' Best Interests Life Insurance: Estate Planning Tool That Does Not Necessary Guarantee Your Beneficiary's Benefit A common misconception people have about life insurance is that they only need to designate their spouse, child, or loved one as the beneficiary of the policy to ensure [...]
The Importance Of Having An Estate Plan For You & Your Loved Ones What Happens If You Don't Do Estate Planning? In 2008, Congress recognized the need for the public to understand the importance and benefits of estate planning by passing House Resolution 1499, which designated the third week of October as National Estate Planning [...]
Community Vs Separate Property: The Differences & Why It Matters How To Choose Between Community Or Separate Property During Marriage When two people get married, the property they obtain during their marriage is called marital property. This includes anything from real property like homes and rental properties, to stock options, investment accounts, heirlooms, and employment [...]
What Happens If Only Photocopies Of My Estate Planning Documents Can Be Found? What Can I Do If I Lost My Estate Plan Documents? If you were to ask attorneys across the country how often they get phone calls like the following, the answer (“Very frequently”) may surprise you. The phone call might go something [...]
