Planning for the future is crucial, especially when it comes to the distribution of your assets after you’re gone. Often, the question arises: do I need a will or a trust? Both outline your wishes regarding asset distribution but differ significantly in their...
Why You Need a Lawyer When contemplating the question, “What should be in my will?” it’s essential to understand the lawyers’ role in this process. Their expertise ensures proper execution and legal compliance of your will, making their...
Can probate be avoided? The answer is yes, and one of the best ways to do so is by creating a revocable living trust. By transferring your assets into this trust, you effectively remove ownership from yourself and place it within it. In essence, the trust becomes a...
What is Power of Attorney? A power of attorney is a legal document that gives one person, known as the agent, the authority to act on behalf of another person, referred to as the principal. This authority can cover many actions, including managing finances, making...
What is a Living Trust? Understanding the Basics A living trust is a legal entity created to hold your assets while alive. It provides a way to transfer your assets to beneficiaries upon your passing without the need to go through the probate process. Avoiding the...
Farming or ranching is more than a means of livelihood – it is about preserving a legacy and unique way of life. Unfortunately, many farmers and ranchers fail to make an estate plan. The farm or ranch passed down for generations then ends up being sold and converted...