When you are creating your estate plan, you will likely need to consider several goals at the same time. One thing it may not occur to you to consider is the cost of administering your estate after you are gone. To help you understand why this is important, the Nashua estate planning attorneys at DeBruyckere Law explain who pays the costs associated with administering an estate. What Is Involved in Administering an Estate? When you die, you will leave behind a legal estate consisting of … [Read more...] about Who Pays for the Administration of an Estate?
A primary motivation for creating a Last Will and Testament is to ensure that estate assets are distributed according to the Testator’s wishes after they are gone. If that Will is invalidated, however, the state ultimately decides what happens to your assets. Knowing that, it seems wise to do what you can to prevent challenges to your Will. Toward that end, a Nashua estate planning attorney at DeBruyckere Law discusses tools and strategies to help your estate avoid a Will contest. What … [Read more...] about How Can I Avoid a Will Contest?
Creating a comprehensive and cohesive estate plan is one of the most valuable gifts you can give to both yourself and to your loved ones. If you have an estate plan in place already, you are ahead of most Americans; however, you are not done yet. In fact, reviewing and revising your existing estate plan is just as important as creating the initial plan because an out of date estate plan can wreak havoc on your estate if something happens to you. The Nashua estate planning attorneys at … [Read more...] about Why Is It Important to Update My Estate Plan?
Although a Last Will and Testament remains the most common estate planning document, a trust is not far behind in popularity. If you decide to add a trust to your estate plan, you will have to decide which type of trust to create. A Woburn trust attorney at DeBruyckere Law Offices explains some of the many advantages to revocable trusts. Trust Fundamentals A trust is a relationship whereby property is held by one party for the benefit of another. A Settlor (also referred to as a “Grantor” … [Read more...] about What Are the Advantages of a Revocable Trust?
When most people contemplate the creation of their Last Will and Testament, they focus on decisions related to the gifts they will make within that Will. Consequently, appointing someone as the Executor of their estate is often an afterthought. In fact, failing to give sufficient thought to the choice of an Executor is one of the most common of all estate planning mistakes. To help you avoid making that mistake, a North Andover estate planning attorney at DeBruyckere Law Offices offers tips on … [Read more...] about Who Should Be My Executor?
If you are among the millions of Americans who has yet to create and estate plan, doing so now may make you may feel a little intimidated. You may be concerned about what you need to do to prepare if you have made an appointment with an estate planning attorney. To help put you at ease, and to make the most out of your appointment, the Nashua estate planning attorneys at DeBruyckere Law Offices give you ideas for how to prepare for your estate planning consultation. Define Your Goals When … [Read more...] about What You Can Do to Prepare for Your Estate Planning Consultation
When you create your estate plan, one of the most importance considerations should be deciding who will oversee the probate of your estate. This decision is made in your Last Will and Testament when you appoint an Executor. The Woburn estate planning attorneys at DeBruyckere Law Offices explain the importance of choosing the right person to oversee the probate of your estate. What Does an Executor Do? The person you appoint as Executor in your Will is responsible for administering your … [Read more...] about The Importance of Deciding Who Will Oversee the Probate of Your Estate
The documents that make up your comprehensive estate plan will likely be among the most important documents you create during your lifetime. Once those documents are prepared and ready to be utilized, what should you do with them? Where should they be kept until needed? The North Andover estate planning attorneys at DeBruyckere Law Offices discuss where you should keep your estate planning documents once your plan is in place. Should Your Documents Be Stored in a Safety Deposit Box? In … [Read more...] about Where Should I Keep My Estate Planning Documents?
A Last Will and Testament will likely be the first estate planning document you create. Although the concept of a Will is rather straight-forward, that doesn’t prevent mistakes from being made during the creation of a Will. To help prevent you from making them, the Londonderry estate planning attorneys at DeBruyckere Law Offices discuss the top five mistakes you should avoid when creating your Last Will and Testament. Using a “DIY” Will form. It may seem as though you are saving both time and … [Read more...] about Top 5 Mistakes to Avoid When Creating Your Will
You undoubtedly understand the importance of having at least a rudimentary estate plan in place. If you have yet to start your plan despite knowing how important it is to have one, you may be tempted to turn to “Do-It-Yourself” forms found on the internet to save yourself time and money getting your plan started. The Woburn estate planning attorneys at DeBruyckere Law Offices explain why using DIY estate planning forms will likely cost you, your estate, and your loved ones considerably more time … [Read more...] about The Danger in DIY Estate Planning Documents