Many people over the years have been told that adding their children or a friend to a deed to avoid the costs of having a will or dealing with probate. While this is true with respect to the house, generally, it causes a dozen or so other problems that are not considered at the time. In this blog post, I will focus on the six biggest risks associated with joint property ownership.View Post
Tag: Creditors
The Devil Is in the Details
Does your estate plan work the way you think it works?
Are you sure what your estate plan says? Could you put your wishes into your own words? Would they match up with what your will or trust directs? Why all of the questions?View Post
What Is A "Do It Yourself Estate Plan?”
And Is a Do It Yourself Estate Plan Right for Me?
Before getting into whether a do it yourself estate plan is appropriate for your situation, it is important to know exactly what will or “estate plan” is and what it does. In my opinion, the most basic estate plan, whether drafted by the most expensive lawyer in town or put together from the cheapest do it yourself estate planning kit you could find, must include a will and a patient advocate designation. Our estate plans typically include a few other steps to make the management of your affairs less cumbersome in the event of an unforeseen disability and upon your death.View Post
