An irrevocable trust is a legal vehicle that you can use to protect your assets from creditors and predators. It is also a great way to reduce estate taxes. However, there are some drawbacks to using an irrevocable trust. What are the pros and cons of an irrevocable...
Month: May 2022
Why is it so difficult to get Social Security Disability?
If you are living with a disability and want to apply for Social Security Disability Insurance benefits, you should know that SSDI is difficult to get unless your condition is terminal or particularly severe. The application process is tedious, and one mistake could...
3 reasons why an attorney review of your will makes sense
There are many reasons why it makes sense to have an attorney review your will. If you don’t have someone look it over, you may make mistakes that could invalidate your will and make it less protective than you’d hoped. To make sure your family doesn’t face unexpected...
These assets do not belong in your will
A will is the cornerstone of any estate plan. It lets you outline what you wish to happen to your assets when you pass on. Basically, a will lets you state who will get what when you pass on. It also lets you designate a guardian for your minor child. However, it is...
Avoid these common estate planning mistakes
Creating an estate plan is a responsible step to take. It protects you and your family and ensures your wishes are carried out when you pass away. Unfortunately, there are a lot of mistakes to be made. If you don’t know what these mistakes are, you may make them in...