Unfortunately, all too often, the common mistake we see in estate planning is the failure to fund a living trust. Funding is the step in transferring ownership of assets into the living trust. It’s not enough to simply have a living trust, if you fail to fund a living trust you risk losing those assets. In this Estate […]
Common Estate Planning Mistake #1: Failing to appreciate how assets pass upon death
In the first of this Common Estate Planning Mistakes series, Wes Coulson discusses the common mistake people make in failing to appreciate how assets pass upon death. Common Estate Planning Mistake #1: Failing to appreciate how assets pass upon death Transcript: Hi, I’m Wes Coulson and this is your Estate Planning Minute. This is going […]
Why Second Marriage Spouses Need A Living Trust
Hi, I’m Wes Coulson, and this is your Estate Planning Minute. If this is a second or subsequent marriage for you, and you have children from a previous marriage, you really need to plan your estate with a living trust, and not a will, and here’s why: In All likelihood, if you die before them […]
What Your Will Doesn’t Cover (and Why It Matters So Much)
It’s a commonly-held belief that if you have a will, its terms will determine how your estate will be distributed when you die. But in many cases, that’s far from true. A will only covers assets that are not the subject of their own self-contained plan for distribution. As it turns out, that covers a lot […]
