Asset protection is an integral part of the estate planning process. All kinds of creditors can potentially stake a claim to your assets both before and after your death, yet proper asset protection planning can keep most of what you have out of their reach. Asset...
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Beneficiaries and heirs: Understanding the difference
People often use the words “heir” and “beneficiary” interchangeably, but they aren’t really the same — especially when you’re talking about estates and inheritances. Both testators and their personal representatives should understand the difference between the two...
I am not “rich” so do I need a will?
One question you may have had is why you need a will if you are not “wealthy” or “rich.” Many people have the misconception that just because they have modest estates that their assets will somehow pass to their heirs without much time or cost. Some people also tend...