Everyone should have the following basic estate plan: will, health care proxy, durable power of attorney and homestead (if you own your home). These simple tools can avoid costly court actions in the event of your unforeseen death or disability. In addition to these basics we can discuss the need for trusts both to preserve assets for future generations and to avoid the costs of probate. Estates that are under $25,000 can be handled with a simplified format of a voluntary administrator or executor. Estates over that amount, including those involve real estate require a full probate.
Estate Planning
March 7, 2012 By
