What is a Revocable Living Trust and How Does it Work? A Revocable Living Trust (“RLT” for short, or just “Trust”) is used to manage and control property after a person passes away. A Trust is simply a relationship created whenever one person (the “Trustor”) gives property to someone else (the “Trustee”) to manage and...
Steps to take for when a family member passes away Step One: Take Care of Yourself and Your Family The first thing to do when a loved one passes is take care of yourself, your family and your loved ones. Even when a person’s passing is expected, the toll of the grieving process can be...
Living Wills: DNR (Do Not Resuscitate) vs. Living Will Life can be incredibly unpredictable, making preparing for the worst a good idea. There are many ways we can find ourselves incapacitated and unable to make medical decisions. However, many people have strong opinions as to what kind of care they would want to have in...
Why A Revocable Living Trust? One of my favorite questions from an estate planning client is – why do people get a revocable living trust? A revocable living trusts can be a highly effective and flexible estate planning tool. While a not everyone needs a trust, there are a lot of reasons to consider a...
Living Wills, Part 1 – What State Am I In? The Living Will (a.k.a. the Advance Directive, End of Life Directive) is a relatively straightforward document, yet it is the one document we spend the most time discussing when doing a person’s estate plan. The question is deceptively simple – if you are in a “Persistent...
PART 1 – FEAR OF DEATH “Fear is a four-letter word, gentlemen!” – Calhoun from “Wreck-It Ralph” FEAR – Future Events Appear Real. I love that acronym because in moments of fear it helps me realize the worst things I imagine are only that – my imagination. And, when I realize the worst thing I...