As part of your estate planning, your attorney may suggest you create a trust. There are different types of trusts and one or more may appeal to you as the best method for passing on your assets to your heirs upon your death. Although trusts have traditionally been used to avoid the necessity of probate, other tools are available for that purpose. The attorneys at Springer & Lyle can help you understand the options and what determine what will best accomplish your needs. What is a Trust? A trust is created for the purpose of having an account managed by a person or … [Read more...]
The Importance of Estate Planning During the COVID-19 Pandemic
Many people are resistant to estate planning. They may feel they can ignore the topic "until the time is right." They think they have some time and can put it off until they are more in the mood. Unfortunately, there may not be that extra time they are counting on. COVID-19 Increases the Need for Estate Planning Although it is true that anyone can be struck down at any moment in an unfortunate accident. Now, in the time of this global pandemic, many succumb to the COVID-19 with little warning. Every day, more people in the U.S. die from this deadly virus than … [Read more...]
Estate Planning: What Do I Need to Know?
When you hear the term “estate planning,” you may assume it refers to having a will. A will is part of estate planning, but there are many other specific documents you need to consider when planning how your assets will be distributed after your death. At Springer & Lyle, our estate planning attorneys will help you decide which tools are best for you as an individual. Documents to Consider Will. A will is essential to estate planning. It is a written document in which you articulate how you want your assets distributed; in other words, which heir gets which asset. … [Read more...]