Burlington estate planning attorneys assist you in understanding the legal documents and tools that need to be part of your plans for your legacy. We also help you to create a comprehensive plan and to make sure the documents and tools you utilize are legally valid and will provide the protections that you expect. Unfortunately, there are far too many people who never reach out to a compassionate and knowledgeable legal professional to get the help they need to make a comprehensive estate … [Read more...] about When is a Will Not Enough?
Making a do it yourself will can be tempting. After all, there forms available on the Internet and kits you can buy. You may not want to go through the trouble of finding and working with a lawyer to make your will, and it can seem a lot easier to just take care of your estate plan yourself in the comfort of your own home. Unfortunately, this is a really bad idea for a lot of reasons! Your will and your entire estate plan is going to shape your legacy and determine the impact you make on … [Read more...] about The Biggest Problems with a Do It Yourself Will
When you are planning a will, your goal is to determine how your property is distributed. As you start to think ahead to who is going to inherit your assets, however, you may become overwhelmed with the idea of determining what is going to happen to every single piece of property that you own. Since many people own a lot of stuff, those who are making their will commonly wonder if they need to specify who is going to inherit each item they own. The good news is, you do not have to … [Read more...] about Do You Need to Include Every Asset When Planning a Will?
It is important to understand the difference between wills vs trusts. Both can be used to provide for an inheritance for loved ones, but they serve very different purposes. While many people mistakenly believe that wills are going to be sufficient for securing their legacy, this is unfortunately not the case in most situations. A trust can provide you with many substantial benefits not available with a will alone. You should talk with an experienced trust lawyer to find out more about wills … [Read more...] about Are Wills vs. Trusts Better for Securing Your Legacy?
When you are creating a last will and testament, the process of making plans for your legacy can be stressful. You want to ensure that your will, and all of the components of your comprehensive estate plan, are going to be enforceable and will provide you with the ability to control what happens after you are gone. As you go through the estate planning process and prepare your estate plan documents, you may be grappling with one important question: how involved should your family be in the … [Read more...] about Should You Discuss Your Last Will & Testament with Your Family?
Making a DIY will can seem like a good idea. After all, everyone knows they need some type of will or estate plan so that they can determine who inherits and what happens after your death. The reality, however, is that DIY wills are not always made properly, are not always the best approach to estate planning, and are not always enforceable. If you make mistakes and your will is not considered valid, this can have serious consequences for you and your family. If you don't want to find out … [Read more...] about What if your DIY Will Is Not Enforced?
Most estate planning lawyers answer the question, “What’s the first question a potential client will ask?” is “Do I even need a will?” As legal advocates, our role is to ensure clients know that a will covers far more than one's finances. There's a lot at stake and ensuring your wishes are met and your loved ones are cared for in the event of your death or if you become disabled is what estate planning is really about. Practicality Wills are practical. They're usually simpler than most realize … [Read more...] about The Role of a Will in Your Estate Planning Efforts
The past several weeks have brought us the tragic story of a young woman, pregnant with her second child, and also “brain dead”. The story unfolded several months ago in Texas when Marlise Munoz suddenly passed out for a considerable amount of time before being found. The damage was catastrophic and not surprisingly, her family wanted more than anything to ensure she wasn’t in pain. There were concerns about whether the fetus she carried could become a full term newborn. As it turned out, the … [Read more...] about Tragic Reminder of Importance of Advanced Directives
You have already gone through the estate planning process in Essex Junction Vermont, only to realize that the basic Will is not enough. Even a well thought out and prepared basic Will doesn’t fully protect your estate or the individuals involved with that estate. Therefore, before you skip a few steps in estate planning and opt for the basic Will, consider some of the reasons why the basic Will in Essex Junction does not fully protect your assets in the end. Use Properly Executed Will No … [Read more...] about Why the Basic Will in Essex Junction is Not Enough: Part One
Estate planning is extremely complicated and can be costly, even for simple estates. That being said, skimping on the estate planning process and opting for a basic Will can not only expose your estate to common issues during probate, but can also open it up for contesting. Avoid the Do-It-Yourself Will Estate planning is complicated; therefore, if you are considering the do-it-yourself Will in Essex Junction, you need to understand that it requires extensive knowledge of estates, taxes, … [Read more...] about Why a Basic Will in Essex Junction Is Not Enough: Part Two