You know how important it is to have an estate plan in place; however, you have yet to find the time and/or money to gets started on your plan. Like many people in the new electronic age, you wonder why you cannot simply solve your problem by using “Do-It-Yourself” documents you found on the internet. [ ] The post Vero Beach Estate Planning Attorneys Warn Against Using DIY Wills and Trusts appeared first on Kulas Law Group.
Although you will likely use a Last Will and Testament as the foundation of your estate plan, creating a comprehensive estate plan requires the additional of numerous other estate planning strategies and tools. One of the most popular of those is a trust agreement. If you are contemplating the addition of a trust to your [ ] The post Vero Beach Estate Planning Lawyers Explain Trust Basics appeared first on Kulas Law Group.
For most people, a Last Will and Testament serves as their primary estate planning document. While a Will can dispose of your entire estate when you are gone, your estate plan can – and should – accomplish more than just the distribution of your estate assets. To achieve some of your additional estate planning goals [ ] The post Vero Beach Estate Planning Attorneys Explain How a Trust Works appeared first on Kulas Law Group.
Despite understanding the importance of estate planning, over half of all Americans do not have an estate plan in place. If you among the minority, and you have created an estate plan, you are a step ahead of the majority. Do not then make the mistake of never revisiting and revising your plan. Not having [ ] The post Vero Beach Estate Planning Lawyers Discuss When and Why You Need to Update Your Plan appeared first on Kulas Law Group.
When most people consider estate planning, their thoughts generally run in one of two directions. They either assume that such planning is only for truly wealthy families, or they focus on only the simplest of planning options. That might help to explain why fewer than half of all Americans have a plan, and most of [ ] The post Six Reasons You Might Need Trusts for Your Estate Plan appeared first on Kulas Law Group.
When most people think about creating an estate plan for the first time, they envision executing a Last Will and Testament to serve as the foundation for their plan. A Will certainly can – and often does – serve as the foundation for a comprehensive estate plan; however, it is not the only option. A [ ] The post Wills vs. Trusts How Do I Know Which Is Right for My Estate Plan? appeared first on Kulas Law Group.
Creating a comprehensive estate plan requires you to make some very tough decisions. Deciding who will receive which asset may take up much of your decision making thought process; however, choosing who to appoint in fiduciary roles should be afforded a significant amount of thought as well. Click here to view a larger image. The post Estate Planning Fiduciary Roles [Infographic] appeared first on Kulas Law Group.