Just as your will sets out your wishes for the distribution of your assets after you die, you can ensure that your desires for emergency and end-of-life care are known and followed when you unable to speak for yourself. Living Wills and Healthcare Powers of Attorney are two means by which you can accomplish this […]
Many people are uncertain about whether they must distribute all of their assets in their will. Though we have written before on the importance of being comprehensive in your estate plan, it is equally important to know what assets should not be included in a will. Here are a few important tips for what not […]
Even if you extensively plan for your estate, problems can still arise. Having a living will, creating a power of attorney, describing all of your assets in detail in your will, and even putting some assets in a trust may not be enough to avoid misunderstandings and disputes. When you are planning for your estate, […]
The position of executor is a major responsibility. It is usually discussed beforehand with the future executor, but it is sometimes the case that the executor will be named to their surprise and confusion. What does it mean to be named executor, what duties are entailed by the position, and why would someone want to […]
Your desires for your estate plan can change as often as the circumstances of your life can change. As a result, you will occasionally need to consider revising your estate planning documents, such as amending your will. However, the terms of a trust are not always easy to alter. Not every type of trust can […]
One of the most important things you can do in planning for your estate is to make sure you communicate with your family members and let your them know what to expect. Estate disputes are more likely when family members are surprised after a loved one’s passing. Many people find it difficult to decide how […]
One common question among those who have begun the initial process of planning their estate is whether their plan is sufficient. This will often take the form of the question, “Is a will enough to protect my estate and my loved ones?” The answer, like anything involving fiduciary responsibility and your estate, is not simple. […]
As you begin the estate planning process, the first meeting with an attorney can be intimidating. Writing a will or creating a living trust is often the first major step, and the significance of these decisions can be overwhelming. You may be tempted to put off the initial meeting, due to the discomfort in focusing […]
If you have done any estate planning, you may already be familiar with the expenses involved in drafting a will or a living trust. Many people try to avoid these costs by turning to less expensive alternatives. But that mistake can sometimes cost you more in the long run. Over the past decade, drafting a […]
Although any estate plan should undergo regular review to ensure it is still valid and up-to-date, there are many situations that may have a direct impact on your will. Changes in your family structure have significant implications for your will, and require your attention and the help of an attorney to rework your plan and […]
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Gaslowitz Frankel LLC
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