A will is essential for every adult. However, a will does not prevent your estate from having to go through probate. To avoid probate entirely, you must have your assets titled to transfer in a way that avoids probate through survivorship rights, an on-death beneficiary designation, or placing the asset in a trust.Continue reading
Trusts are one of the most effective estate planning tools for preserving assets for heirs and avoiding the high costs and hassles of probate administration. A common myth we hear from clients is that “I am not rich enough to have a trust.” or “I don’t have enough assets for a trust.” Both sentiments can cause clients to overlook one of the most powerful wealth preserving tools available under our legal system. Continue reading