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Archive for February 2019

Estate Planning: What Does “Per Stirpes” Mean?

Estate Planning: What Does “Per Stirpes” Mean? on stuartplanning.com

This old Latin term means keeping your assets in your family bloodline … or does it? Keeping wealth in the family is a priority for those who’ve worked hard to build it. But you can never be too careful when it comes to the distribution of your assets. The presumption that our direct heirs will…

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Estate Planning: Is a Will Enough?

Estate Planning: Is a Will Enough on stuartplanning.com

You may think that creating a will is the first and only necessary step in estate planning. It’s not. You should also consider creating a trust, appoint a power of attorney, and set up advanced directives. Creating a will is a good idea and an important step in legacy planning. But are you utilizing all…

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What Is Probate and Why Should You Endeavor to Avoid It?

What Is Probate and Why Should You Endeavor to Avoid It? on stuartplanning.com

The probate process can last for more than a year and can be expensive. By planning ahead, you can ensure that your estate won’t enter probate after your death. If a deceased person created a will before their death, the estate could enter probate after they die. The court oversees this process, which consists of…

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