Category: Why use a Living Trust?

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Contain Yourself: Fool Proof Solution to Getting Organized

By David Edwards on Jun 26, 2010 in Asset Organization, Funding and Asset Titling, Getting the Job Done, What a Will Doesn't, Wills and Trusts

Why is getting organized so much fun?  Well, I should rephrase that.  Getting organized is a lot of work.  But BEING organized is fun.  A while back Michelle and I went to the Container Store in St. Louis.  Who would think there is a store with nothing but containers for storing things?  And it’s fun [...]

What is probate and why do people want to avoid it?
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What is probate and why do people want to avoid it?

By David Edwards on Mar 08, 2010 in Cost of Poor Planning, Death of a Loved One, Probate, What a Will Does, Wills and Trusts

You may have heard people discuss probate and how horrible it is. But what in the world is probate? And why do people want to avoid it?

Make sure you know What a Will DOESN'T Do
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Make sure you know What a Will DOESN’T Do

By David Edwards on Mar 08, 2010 in What a Will Doesn't, Wills and Trusts

What doesn’t a Will accomplish?
Doesn’t avoid the probate court’s involvement.  In fact, it guarantees a probate if you have a certain type or level of assets.
Doesn’t protect your assets from nursing home costs prior to your death.
Doesn’t cover assets that are owned jointly.  Instead, they will go automatically to the joint owner.
Doesn’t address any asset [...]

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Michael Jackson: King of Pop (and Estate Planning?)

By David Edwards on Jul 03, 2009 in Asset Protection, For Your Kids, Kids' Inheritance, Name Guardians, Parents, What a Will Does, What a Will Doesn't, Why use a Living Trust?, Wills and Trusts

Are you tired yet of hearing about the Michael Jackson saga? One thing for sure, the gossip media should have plenty to talk about for quite a while. It turns out Michael did have a Last Will & Testament after all. (Thanks to those who sent me links to good articles on his estate issues.) [...]

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Living Trust: valuable tool for Disability Planning

By David Edwards on Jun 26, 2009 in Aging Parents, Disability, Why use a Living Trust?

It’s my job to use whatever tools will best get the job done for the client. What will work best to build the plan the client wants?
Although it’s not the client’s job to understand all the tools that we use in the plan, most clients end up with a basic understanding of how a living [...]

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Estate Planning: What’s in your tool box?

By David Edwards on Jun 24, 2009 in Counseling, not Documents, Leave a Legacy, Why use a Living Trust?, Wills and Trusts

What tools do you want to use?
Is this the first question that your contractor asks you when you decide to
hire him to build a house?
Or, if you’re car stops running and you take it to the mechanic
to be fixed, do you quiz him on which tools he plans to use in
repairing it?
When you need surgery [...]

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9 ways to cause a dispute after you die – probate and trust administration nightmares

By David Edwards on May 27, 2009 in Cost of Poor Planning, Death of a Loved One, Leave a Legacy, What a Will Does, What a Will Doesn't, Wills and Trusts

Often we get calls from someone who is facing a mess because a loved one died and failed to plan properly. So, my advice is this: If you want to create a mess for your family, don’t leave it to chance. Do it right and plan the mess yourself.

Here are 9 ways you can [...]

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