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What is the Difference between a Trust and a Will?

No one relishes the thought of the day they pass away and leave all their worldly possessions behind. However, it’s a certainty that no one can avoid. Thankfully, you have options for planning for what happens to your estate, including a will or a family trust.

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what is probate?

What Is Probate?

The probate process gets a bad reputation, but it’s the reality many families will face. It is a process that can function well for some small estates.

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Do You Need a Revocable or Irrevocable Trust?

Do You Need a Revocable or Irrevocable Trust?

On the surface, the difference between revocable and irrevocable trusts couldn’t be any more straightforward. You can change your revocable trust whenever and however you choose. You can’t change your irrevocable trust at all.

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What Do I Need in My Estate Plan?

An effective estate plan uses a collection of documents and teamwork to protect one’s assets and personal property. An effective estate plan also explains and carries intentions of how to pass control down to successors in the event of your absence.

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What is a ‘Property Trust’?

Trusts are useful financial tools, often used for the purpose of planning an estate. A trust is essentially a legal framework into which ownership of assets can be placed. These assets can include financial products like stocks and bonds, or it can include real physical property, like land, jewelry or vehicles.

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How Does Cryptocurrency Work in an Estate Plan?

Crypto assets can be lost forever without proper storage and estate planning. When it comes to cryptocurrency, safe and secure transfer is paramount, meaning basic estate planning documents, like a will, often won’t be enough.

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attorney jeff coleman

What Do Elder Law Attorneys Do?

Elder law attorneys can help with a long list of legal matters that seniors often face…

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Should I Ask Mom and Pop about Their Finances?

There are now more than 70 million Baby Boomers in the U.S. However, millions of adult children may not be prepared to make important decisions about their parents’ future if necessary, because of a lack of knowledge about their parents’ finances.

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recently divorced

Do People Get Divorced after Age 65?

A divorce almost always comes with emotional, personal and financial complications. However, a divorce late in life also adds a level of complexity to your estate and tax plan.

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Financial-Loss

Can I Give My Child Access to My Bank Account? Should I?

Would your loved ones have necessary access to your bank accounts after you die to help carry out your last wishes and handle arrangements?

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