Is there a simple checklist for estate planning?

The estate planning process is something that is best done with a professional, but to help keep the process in check, here are a few things that are worth paying attention too. 

What is the difference between a living will and a living trust?

These two very important estate planning devices are quite different from each other but serve similar purposes.

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

Probate is the court process of proving a decedent's will and/or supervising the administration of a decedent's estate.

What will happen if I die without a will?

Some people leave instructions about who gets what property in a legal document known as a will.

Do I need an attorney to prepare my will?

Legally, no. Practically speaking, yes. A will does not need to be prepared by an attorney for it to be legally effective.

What is a Crummey power?

A Crummey power is a provision contained in certain irrevocable trusts that permits specified trust beneficiaries to withdraw gifts you make to the trust for a limited period of time.

Are alimony payments considered taxable income?

Alimony is a support payment made to a former (or separated) spouse under a divorce decree or separation instrument in an attempt to maintain the predivorce lifestyle.

What is a living trust?

A living trust is a popular estate planning tool that lets you (1) retain control over the trust property while you are alive, (2) avoid guardianship in case you become incapacitated and can no lon

Does property owned jointly avoid probate?

It depends. Generally, there are four forms of joint ownership.