In the past I have discussed Who Needs a Will? hint: Everyone and have provided 10 Reasons why YOU need a Will As Soon as Possible but something occurred to me, not everyone knows the requirements to create a valid Will in their state. I was discussing the possibility of drafting a Will for someone,… Continue Reading
Category Archives: Estate Planning
Some Things to Think About Before Meeting an Attorney to Draft Your Last Will and Testament
A very good friend of mine just had their first child, and so the next inevitable step is to call their buddy the estate planning attorney (yours truly, My Journey) to discuss the drafting of a Will. Upon arriving, and checking out the kid and some small talk it became very apparent they were very… Continue Reading
Reader Question – Inheriting Trusts & IRAs
I recently received a question from a reader, who I will refer to as TPS. TPS contacted me through my contact me page – if you have a question feel free to use it! TPS seems to be very confused, so rather than just answer the question I will post it so he can reply… Continue Reading
Are you a Business Owner? Then you NEED to Understand Buy Sell Agreements
Lets start with this very common scenario. You are Male, your partner is male and you are both married with children You are a part-owner of a small/medium business; You like your partner, but you feel that his wife is “eh” and more importantly his kids are brats who have no idea what it took… Continue Reading
The Wall Street Journal Agrees with Me! Trusts should be Built into Most Wills
Way back in August of 2008 I wrote a Post about Simple Wills. As you may recall (or just read when you clicked the link) a simple will is usually built as follows: The problem with Simple Wills (again, as I indicated in 2008) is that don’t usually take care of certain items. Specifically, I… Continue Reading
An Introduction to Trusts
Part of my job duties is to teach topics in the morning for planners, sometimes the topics are pretty advanced and sometimes they are simple. Tomorrow I have to teach an intro classes on Trusts and so I thought I’d share some of the stuff I will be going over. The best way to think… Continue Reading
