Polaris Estate Planning & Elder Law’s Post

📜 In this video, we break down the essential reasons why you need a will or trust and which one you should choose. Discover the differences between wills and trusts, and learn how they impact estate planning, especially in blended family scenarios. 🏡 Find out why a trust can avoid common probate issues and ensure your estate is distributed according to your wishes. Check out the full explanation and protect your family's future. 💼

Common Misconceptions About Family Revocable Trusts Did you know that revocable trusts are not just for the wealthy? Or that they serve a different purpose than wills? At Mills & Anderson, we believe understanding these estate planning tools is crucial for protecting your future. From avoiding probate to planning for incapacity, revocable trusts can offer significant benefits—regardless of income level. Don’t let common misconceptions keep you from exploring this powerful estate planning option. Are you curious if a trust is right for you? Our experienced attorneys are here to help you navigate the process and create a plan that fits your needs. Read more on common misconceptions about revocable trusts: https://lnkd.in/gSXCSR65

📜 In this video, we break down the essential reasons why you need a will or trust and which one you should choose. Discover the differences between wills and trusts, and learn how they impact estate planning, especially in blended family scenarios. 🏡 Find out why a trust can avoid common probate issues and ensure your estate is distributed according to your wishes. Check out the full explanation and protect your family's future. 💼

🔍 Did you know? Many Americans are unaware of the intricacies of the probate process. A recent report reveals: 1️⃣ More than half have no idea about probate costs. 2️⃣ Less than half understand that inheritance isn't automatic. 3️⃣ Only 2% know the time it takes to settle an estate, which averages 20 months. Probate can be complex and time-consuming. If you're looking for guidance on estate planning or need assistance navigating probate, we're here to help. Reach out to us to ensure your family's future is secure and your wishes are honored. Read more at USA Today: https://lnkd.in/gWnP9DRS

August is National Make-A-Will Month! Join us each week as we explore why having a will is crucial. 💰 Avoiding Probate Delays and Unnecessary Costs: Without a will, your estate could get tied up in a lengthy and expensive probate process. By making a will, you streamline this process, allowing your beneficiaries to receive their inheritance more quickly and with fewer complications.

If your spouse has recently passed away, you may be wondering if you need to go through probate to inherit their property. The answer to this question depends on how your spouse’s property was titled and the value of your spouse’s solely-owned assets. Ultimately, the process will all depend on various circumstances, like whether your deceased loved one left an estate plan or the size of the estate. This guide will outline what to expect when pursuing probate as a surviving spouse. Learn more here: https://lnkd.in/gbPSYXE9

💼 Explore the complexities of probate and its impact on real estate transactions in California. Understanding the levels of succession and the role of trusts can significantly influence estate planning and property sales. Don’t let probate catch you off guard - learn more about securing your family's future today!

What type of will is best for you and your circumstances? ❓ The four main types include simple wills, testamentary trusts, joint wills, and living wills. Attorney Patricia McKenzie Edwards can help you make informed decisions regarding your estate planning journey. #EstatePlanning #Will #synergylawandmediation

Estate Planning Awareness Week Estate planning largely focuses on what happens to your assets after you die. An estate plan can include some or all of the following documents: last will and testament, trusts, guardianship documents, and powers of attorney.

💔 A probate client called, confident their deceased parent’s estate would go to them. Unfortunately, marital status plays a critical role in estate planning and can drastically affect what happens to your assets after death. Don’t leave your loved ones to face costly surprises. Join us for our first online webinar of the year on Thursday, January 23 at 6 PM for our Wills & Trusts Webinar to protect your family’s future. REGISTER HERE https://lnkd.in/esEWTrs4