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February
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What Happens If You Die Without a Will?
in Estate Planning, Will
What Happens If You Die Without a Will?
Don’t Make the Last Mistake of Your Life!
Don’t be fooled into thinking you need to have a fat bank account and a mansion house at the Shore to need a sound estate plan – the area of law that covers wills, trusts, and probate. How much money you have is only one factor out of many that you need to consider when planning for the future. If you already have an up-to-date will, that’s a good and necessary start. But in many cases, it will not cover all the bases that should be considered ahead of time to make things easier for your heirs if you die...
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One of the best ways to help assure that your assets will be managed for your family as you intend is to develop a comprehensive estate plan designed to meet your individual needs. The estate planning process typically involves working with your financial, tax and legal advisors to develop a customized estate plan. Many estate plans include the following: Last Wills and Testaments Durable Financial Powers of Attorney Advance Medical Directives Revocable and/or Irrevocable Trusts Insurance Trusts Charitable Remainder Trusts Minor's Trusts - Spendthrift Trusts By-Pass or Credit Shelter Trusts Marital Trusts (QTIP) Grantor Retained Annuity Trusts or Grantor Retained Uni-Trusts ...
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