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Demystifying Estate Planning & Administration
Writing a Letter of Last Instruction
When it comes to planning for the future, one of the most thoughtful gifts you can give your loved ones is a clear set of last instructions. These instructions can provide guidance and peace of mind during an emotionally challenging time. A Letter of Last Instruction is a document that provides additional information and instructions to your loved ones and designated decision makers to be read and used in the time leading up to and after your death. Beyond sharing logistics and practicalities, writing a LOLI is an opportunity to share your thoughts and wishes, honoring your life and the impact you've made on those around you. Keep reading to learn about the types of information to include in your LOLI as well as a sample letter to help you get started.
Q&A: When Should I Rewrite My Will?
QUESTION: When should I rewrite my will?
ANSWER: It depends on what has changed in your life since it was first written. Keep reading to find out some of the most common times when revision is either a good idea or even necessary.
What about digital/online accounts?
Want to ensure your loved ones have easy access to your digital accounts after you die? Keep reading to learn how.
Updating Existing Estate Plan Documents
Can estate plan documents be updated? How do I change my Will? Can I name a different Durable General Power of Attorney?
What's the difference between a Will and a Trust? Are all Trusts the same?
Do you need a Revocable Living Trust? Or is a Will enough? How can you know? What are the differences between Trusts and Wills?
FAQ: Can a Trust Protect My Identity?
Can a Trust protect your identity? Let's say you win the lottery. Or you're a celebrity or have a high-profile job (like a politician, a judge, and/or a law enforcement officer). Perhaps you've got a lot of debt. Or maybe you're just a really private person. Whatever the reason, you want to disconnect your name from property that you own. So, can a Trust help you do that? The quick answer is probably not.
FAQ: Is adding my adult children to my bank account(s) a good idea for estate planning?
Many clients wonder what to do about bank accounts for estate planning purposes. The best option(s) for you may not be the best option for another person. And it might not be what your friend or family member did (or told you to do). Keep reading for the basics on your options, along with some points of consideration.
FAQ: What happens to debt at death?
FAQ: What happens to debt at death?
If you die with debt, those debts generally become the responsibility of your estate. Keep reading for all the info.
FAQs about Revocable Living Trusts
FAQs about Revocable Living Trusts: What is a trust? What is a revocable living trust? What are the PROs of having a revocable living trust? What are some MYTHS about revocable living trusts? What are the CONS of having a revocable living trust?
Q&A: Single people don't really need Wills, right?
QUESTION: Single people don't need wills, right?
ANSWER: It depends on what you want to happen to your property when you die AND what types of property you own at your death.
5 Questions about Probate
Have you ever heard anyone talk about 'avoiding Probate' but aren't exactly sure what that means? This week, #unstuckestateplanning is focusing on five common questions about Probate.