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Estate Planning Pop Quiz – Final Question – True or false?  A will accomplishes all of the same goals as a trust, but a will is cheaper?

Estate Planning Pop Quiz – Final Question – True or false? A will accomplishes all of the same goals as a trust, but a will is cheaper?

Sep 20, 2022 | Insights

Answer: False. While both a will and a trust can give instructions about how you want your property to be distributed upon your death, one of the biggest differences between a will and a trust is that a will has no effect until the time of your death. A trust, on the...
Estate Planning Pop Quiz Question #2:  True or false?  If I do not create my own estate plan or if my plan fails to provide for my current situation, my state’s law will decide what happens.

Estate Planning Pop Quiz Question #2: True or false? If I do not create my own estate plan or if my plan fails to provide for my current situation, my state’s law will decide what happens.

Sep 13, 2022 | Insights

Answer: True. Every state has default laws (called intestacy laws) that kick in if a person has not made their own estate planning choices. These laws are designed with a “one size fits most” situation in mind. For example, if you are married, your spouse will usually...

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