Establishing an irrevocable trust is not something you should rush into. Unlike a revocable trust, it’s difficult to change the terms of an irrevocable trust once it’s in place. As such, it helps to approach the process with clarity and intention. First off,...
Month: January 2025
3 common reasons people draft advance directives for health care
Many testators begin the estate planning process with a focus on other people. They have children who they wish to protect or loved ones who they want to provide financial support for even after their passing. Wills are useful estate planning tools for those concerned...
4 common forms of executor misconduct to beware of during probate
An executor holds a crucial role during probate, given they are in charge of handling the estate’s assets before distributing them to the intended parties. Unfortunately, not all executors perform their duties properly. As a will beneficiary, looking out for potential...