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There is a common perception that estate planning only includes a will or a trust in someone’s or some organization’s name. But it is not true at all. There are many features associated with an estate plan. You can definitely do a lot in your estate planning. Also, remember that estate planning is not only about wealthy people. Estate planning means that you are giving your belonging to another person after your death. Now, this belonging can be anything and it does not have to be a very expensive house or a car. So, keeping in mind that estate planning is for all of us, this article is to give you a brief idea of what are the elements that
You are happy in your second marriage after a bitter divorce. You have children with your ex-spouse and with your current one. The blended family is truth in many homes in the USA today. Every parent wants to include all the children in the estate planning strategy. The trick is to make a plan that is fair to everybody. This includes your present spouse, children from your first marriage and from your second marriage too. You might want to leave something behind for your other loved ones too. Each blended family is unique. The key to creating a great plan is communication. Once you are clear about what you want to do, it is time to connect with an estate
Estate planning can be tricky, but we believe that with the guidance of an experienced estate planning lawyer it can be simplified. We provide free consultations, and we can help you in planning your estate. Planning your estate and doing planning sooner then later is import. Life does not come with crystal ball predicting what tomorrow brings. Being prepared and papered up for tomorrow has its benefits. Now, as you might already know that estate planning is all about securing your assets for the future of your kids and the family. You have worked long and hard and now amassed some possessions but what if you die? One of life’s few guarantees is that one day we will die and
Speeding Ticket Downtown NYC Hiring an attorney to fight a speeding ticket sounds like over-kill to many people. After all, lawyers’ fees are often quite high, they think, and the speeding ticket will typically only be a couple hundred dollars at the most. While at first thought, this may sound accurate, but the fact is speeding tickets really start costing people money only after a few months have passed. Most people today simply pay their ticket speeding ticket in downtown NYC and then forget all about it. They are then surprised when their insurance company raises their premiums, sometimes by several hundred dollars or more per year. The big expense related to a speeding ticket in downtown NYC is the
Estate planning uses many tools to create a strategy that is tax efficient and effective. Trusts and wills are both good ways to plan how to manage the assets in a way that fulfills your purpose. The trust and the will both have a different role to play in the strategy. They can together form the base of any structure that you give to your plan. Your estate planner will give you a good idea of how to use these tools in tandem. The Role Of A Will In Estate Planning The main difference between a trust and a will is very basic. The will comes into force once you are dead. This is your last testament and will direct