Last Will & Testament vs. Living Will: What’s the Difference?
Since they share similar names, there is often confusion about the difference between a Will and a Living Will. They are both important estate planning documents but they serve two quite different purposes. A Will becomes effective when you die while a Living Will serves – as its name implies – while you are living. […]
Estate Planning and Charitable Donations
Watch the Webinar If you regularly donate to your church or favorite charity, you may be considering gifting a part of your estate when you pass. As part of your Estate Plan, you can specify what, who, and how much when it comes to charitable donations. Three Legal Documents Power of Attorney, a Will, and […]
The Importance of Ownership in Estate Planning
When creating your Estate Plan, an often overlooked but critical element is to make an inventory of what you own and how you own it. What does that mean? Sometimes you do not own all your assets individually, and sometimes you own them jointly with a spouse or someone else. With some assets, you may […]
The Hidden Dangers of Parent/Child Accounts
Many parents believe that creating a joint bank account with their children is an easy and effective way to make sure that their kids will have continued access to money through these accounts, should the parent die or become incapacitated. On the surface, it sounds like a great idea. As a joint account owner, the […]