austin, Author at Forbes Law Firm PLLC

Are Wills and Trusts the Same Thing? Understanding Key Differences in Estate Planning

When planning for the future, you often hear about two important legal tools: wills and trusts. While both help distribute assets after your death, they serve different purposes and function in unique ways. If you’re confused about which option is right for you, understanding the differences between wills and trusts is crucial. What is a Will? A will is a […]

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Uncomfortable Omitting Children from Your Will? Here’s What to Consider

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Estate planning can be emotionally challenging, especially when it involves difficult decisions about who to include—or omit—from your will. One of the most sensitive decisions individuals face is whether to leave an inheritance to their children. For some, the choice to omit a child might feel necessary, but it can also stir feelings of discomfort,

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Estate Planning After Divorce: Essential Steps for Your Future

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Divorce is a major life transition that not only affects your emotional and financial well-being but also calls for serious adjustments in your estate plan. Once a marriage ends, it’s essential to reassess your legal documents and financial arrangements to ensure that your wishes are accurately reflected. Estate planning after divorce is an opportunity to

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Are Probate Records Public? Understanding Access to Estate Information

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When someone passes away, their assets and estate often go through a legal process known as probate. Probate ensures that debts are paid, and remaining assets are distributed to beneficiaries according to the deceased’s will or, if there is no will, under state law. One common question that arises during this process is: Are probate records

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Simplifying Estate Planning with Transfer on Death Forms

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When planning for the future, it’s essential to consider how your assets will be distributed after your passing. While wills and trusts are common tools in estate planning, Transfer on Death (TOD) forms offer a straightforward and effective way to ensure your assets are transferred to your beneficiaries without the need for probate. In this

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Understanding Elder Law: The Importance of Estate Planning, Trusts, and Wills

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Elder law encompasses a broad range of legal issues that affect seniors and their families. One of the most critical aspects of elder law is estate planning, which includes creating wills and trusts. In this blog post, we’ll explore the importance of estate planning for seniors and the role of trust attorneys in this process.

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Understanding US Federal Estate Taxation for Green Card Holders and Non-Citizens

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Estate planning is a crucial aspect of financial planning, regardless of your citizenship status. However, for green card holders and non-citizens living in the United States, understanding the complexities of federal estate taxation is especially important. In this blog post, we’ll explore how US federal estate taxation applies to green card holders and non-citizens, and

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The Importance of Looking for a Wills and Trusts Attorney Near Me

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When it comes to estate planning, one of the most crucial steps you can take is to ensure your assets are managed and distributed according to your wishes. Whether you are just starting to think about your estate or need to update your existing plans, finding a wills and trusts attorney near you can provide

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Navigating Trusts for Personal Injury Settlements: A Comprehensive Guide

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Experiencing a personal injury can be a life-altering event, often resulting in significant financial challenges. However, when compensation is awarded through a settlement or judgment, managing those funds wisely becomes paramount. Establishing a trust for a personal injury settlement is a strategic way to safeguard the funds, ensuring long-term financial stability while preserving eligibility for

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Gen Xers and Millennials Poised to Inherit Trillions

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The phenomenon known as the great wealth transfer could shift $72.6 trillion directly to these heirs over the next two decades. Many parents want to pass on their wealth, but also want to ensure the funds are used to make life easier and not be a crutch. See this recent article from Market Watch for

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Author name: austin

Are Wills and Trusts the Same Thing? Understanding Key Differences in Estate Planning

Uncomfortable Omitting Children from Your Will? Here’s What to Consider

Estate Planning After Divorce: Essential Steps for Your Future

Are Probate Records Public? Understanding Access to Estate Information

Simplifying Estate Planning with Transfer on Death Forms

Understanding Elder Law: The Importance of Estate Planning, Trusts, and Wills

Understanding US Federal Estate Taxation for Green Card Holders and Non-Citizens

The Importance of Looking for a Wills and Trusts Attorney Near Me

Navigating Trusts for Personal Injury Settlements: A Comprehensive Guide

Gen Xers and Millennials Poised to Inherit Trillions

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