by John C. Martin | Oct 30, 2013 | Estate Plan Maintenance, Estate Planning for Families
When you establish a trust, you name someone to be the trustee. A trustee basically does what you do right now with your financial affairs—collect income, pay bills and taxes, save and invest for the future, buy and sell assets, provide for your loved ones, keep...
by John C. Martin | Oct 29, 2013 | Estate Plan Maintenance
Think for a few moments about what would happen if you suddenly became incapacitated or died. Would your spouse or family know what to do? Would they know where to find important records, assets and insurance documents? Would they be able to access (or even know...
by John C. Martin | Oct 26, 2013 | Trusts
It will probably cost more initially to set up a well-drafted living trust than to have a will prepared. A true cost comparison should include not only the expense to establish the will or trust, but also what it will cost should you become incapacitated and after you...
by John C. Martin | Oct 14, 2013 | Estate Planning for Families
If you are part of the baby boomer generation (born between 1946 and 1964), you may also find that you are a member of the sandwich generation, with responsibilities to both your parents (now or in the future) and your children. This should change the way you think...
by John C. Martin | Jul 15, 2013 | Estate Planning for Families
Estate planning is creating a set of instructions that specify how property is handled after death, and how property and health care decisions are handled during a period of incapacity. Proper estate planning is important for everyone. But for unmarried...