You can’t take it with you when you go. But just because you can’t take it with you doesn’t mean that anyone in your family has the right to get their mitts on your money. You have to be careful of course and there might be some kin who really do have a right to […]
You can do everything right; stay out of debt, save and invest, and your family may still have nothing to show for it if you aren’t careful. This category explains estate planning in plain English so you’ll understand and be empowered to take action the right action. It also describes the simple and inexpensive things you can do to protect everything you’ve worked so hard for all your life.
Note: You should speak to a qualified attorney before taking action. This is not meant to substitute for appropriate legal advice.
How To ReTitle Your Assets
You work hard trying to stay out of debt and accumulating assets. Once you achieve these goals, it’s vitally important to title your holdings correctly. If you don’t, you (and your heirs) take the risk of losing everything you worked so hard to acquire. If you die and the assets aren’t held correctly, the wrong […]
What Happens If You Die With No Will?
You may have read about the importance of having a will and that’s great. But it’s hard to get information about what happens to your assets if you die without one. Let’s consider that now. Many Assets Pass To Heirs Without Needing A Will Or Trust Keep in mind that the purpose of a will […]
The Hidden Trouble With Limited Powers of Attorney
A limited power of attorney is granted from one person to another with the hope that if the first person is unable to conduct business on their own behalf, the person who is granted the Limited POA can step in. Think of a “pinch hitter” and you’ll get the idea. You might think that […]
When to Review Your Living Trust
If you’ve already created your living trust, that’s fantastic. You should be congratulated for taking steps to protect all you’ve worked for and for safeguarding your family. Nice job Pilgrim. But your job’s not over. You’ve got to review your trust from time to time and update it as your financial life changes, your family’s situation […]
Does A Living Trust Protect Assets?
If you have a living trust it does protect your assets – but not in the way you are thinking. A friend has been talking about putting his family trust together for the last 5 years. He finally got around to taking care of business and dropped me a note to let me know the […]