An estate plan can be as simple as just a will, but it can also include many other documents and strategies designed to help you reach your individual goals. Working with a knowledgeable estate planning attorney is extremely important for identifying what does and doesn't belong in your estate plan. Furthermore, having an established relationship with an estate planning lawyer makes it easier to reach out, should Read More
How Many People Have Estate Plans That Pass Without a Will?
Having a will is one of the most important ways for you to outline what is key for you in your estate plan. You can use a will for multiple purposes in estate planning, such as naming a guardian for a minor child and distributing your property. Skipping a will could be a big mistake especially if your state's intestate succession laws do not align with how you would have transferred your own property. Check out your Read More
Using Both a Will and a Trust in Your Estate: When it Makes Sense
It is a common misconception that you only need a will or a trust for estate planning purposes. Only by working with an estate planning attorney can you understand how both of these tools can help you accomplish estate planning goals and when it is most appropriate to have each. If you already have a trust, it’s a common myth that you don’t also need a will. In a perfect world having your trust may be sufficient if Read More
A Will Versus Trust: What To Know
Most people understand that a will is one of the most important types of estate planning documents. At a simple level, it can accomplish several goals within your estate planning, such as naming a guardian for any minor children and determining what happens to your property. However, it may depend on whether or not you also need a trust in connection with your will. If your estate is under a certain amount, you Read More
How Does a Will Help Direct People?
Your will is essential for ensuring that your wishes are honored once you pass away. Without it, the state determines what happens to your property. Think of your will as an instruction document for directing key people. Most people are familiar with the basic concept of a will. It is used to name not just a guardian for your minor children, but also to name the important people who will serve as your executor or Read More
Creating A Memorandum for NFTs And Cryptocurrencies in Your Will
When you are adding NFTs or cryptocurrencies to your estate planning, security is a very unique challenge. As your will gets admitted to probate, this means it becomes a part of the public record where you live. You do not want to include significant details about crypto currency and other digital assets because this could create a security issue. A memorandum that goes with your will should be included along with Read More
When Is a Will Not Enough?
Most people recognize that estate planning requires a will for the vast majority of people, but when does a will not go far enough and potentially even leave you exposed to unnecessary problems for your loved ones? Recognizing when a will doesn't go far enough should prompt you to meet with your knowledgeable estate planning lawyer. A will doesn't avoid probate, which is one of the biggest reasons many people choose Read More
Common Will and Trust Provisions for Fiduciaries
When you create your will or a trust, you’ll be able to appoint who you choose in the most important role of fiduciary. For a will, this would be your executor or personal representative. For a trust, it would be your trustee. You can also discuss with your attorney the possibility of using specific terms within the respective document to give your agents additional authority. One of the great things about creating Read More
What You Need to Know About Creating Your Will in New Hampshire
All states have specific laws about what counts as a legally valid will and it is important to be aware of the specifications before crafting your own will. A consultation with an experienced and dedicated New Hampshire estate planning lawyer can help you avoid many of the most common missteps that could lead to will contests and will challenges in the future. In order to finalize a will in New Hampshire, you must Read More
Can Anyone Serve as the Executor of a New Hampshire Estate?
One of the most important reasons to create a will, regardless of your age or perception of your personal wealth, is to name an executor. This is because this important role is a person who will carry out the administration of your estate after you pass away. Their primary job is to protect any of the property that you owned until any taxes and debts have been paid and then transfer any remaining property to your Read More
