Informal Estate Planning

With few exceptions, almost everyone we meet with to discuss estate planning has one overriding goal if they should pass away unexpectedly – to make sure their children will be cared for. Oftentimes, we hear how people have taken their own “informal” measures to accomplish this goal. Unfortunately, such informal” measures can have unwanted and unexpected consequences.

One example is when a parent with young children names a sibling or other relative as the beneficiary of a life insurance policy, with the expectation that he or she will use the money to take [...] Continue Reading…

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If You Die Without a Will
By Chris Watkins

Many people put off preparing a Will, or think they have no need for one, because they think they are not wealthy enough, or that their assets will ultimately end up in the right hands if they do nothing.  The problem with this thinking is that such people are giving up the right to control what happens to their estate.  As explained below in more detail, this can lead to unintended consequences.

When a person dies without having a Last Will and Testament, it [...] Continue Reading…