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Revocable living trusts and wills both allow you to name beneficiaries for your property. ⠀
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For example, most people use living trusts to avoid probate. But living trusts are more complicated to make, and you can't use a living trust to name an executor or guardians for your children. ⠀
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You need a will to do those things.⠀
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Ask me how Natalie Cousins & Associates can help you get this started!⠀
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#workwithnataliecousins⠀
#willsandtrusts #estateplanning #powerofattorney #attorney #elderlaw #revocabletrust #morrellawpllc #medicaid #livingwill #guardianship #modernestateplanning #estateplanned #threebestratedestateplanninglawyerintulsa #threebestratedtaxlawyerintulsa #taxsmartbusinesssavvytrustworthy #valuesandvaluables #instalawyer #aep #cpa #lawyer #atlanta #specialneedsplanning
Glad I have a #RevocableTrust instead of an irrevocable one. I'm headed to the attorney now with one minor update! .
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STAY DEBT FREE MY FRIENDS!!!
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This story is indeed tragic; however, it was completely avoidable, and emphasizes with a harsh reality the absolute need to create and have in place a valid, functioning estate plan, including a trust, will, power of attorney, and health care directive. The link to the entire story in the Boston Globe on my face book page—link in the bio above. I encourage you to read the entire story. Here are a copy of money quotes: "Noel Aimes, who never learned to read and write, wanted the house to stay in the family, and in the 1990s proudly built additions to accommodate its growing numbers, Harrison said. But because he died two years after his wife and didn’t name a beneficiary, state law allows his blood relatives — specifically his nieces and nephews in Barbados — to claim the house over a stepchild.
Since you were not an heir-at-law, your appointment is in jeopardy of being set aside,” wrote Gayle Stone-Turesky, a Boston lawyer who was appointed by the state as a public administrator, who is brought in to handle estates where there is no will and no blood heir living in the state."
If you don't have an estate plan in place, or if you have one that needs updating, feel free to email me at anytime for a no cost, no obligation, in person consultation. You can reach me at guy@guymurraylaw.net. Tomorrow is promised to no one . . .
#jointtenancy #jointtenants #nipomo #nipomolaw #nipomolawyer#probate #nipomoprobate #nipomotrusts #nipomowills#trustsandestates #trustlawyer #probatelawyer #personalinjury#triallawyer #trusts #wills #estateplan #powerofattorney#healthcaredirective #estateplanning #digitalassets #advancedirective#revocabletrust
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We caught an @angels game tonight because #lawyermom does #familynight. // If your family has #seasontickets and you want to know what to do with such property interests and similar types of #memberships, ask your #estateplanningattorney. She can help. #californiawillsandtrusts #floridawillsandtrusts #estateplan #revocabletrust #probate
This #lawyermom did @californiaadventurepark today with the family because another #probate #caseclosed and hearing got #recommendedforapproval but also because #worklifebalance // If your family is about to do a day out or a trip abroad and you want to make sure you’re #goodtogo sit down with your #estateplanningattorney to get started on your #estateplan. She can help. #willstrustsandestates #revocabletrust
Did you all see @daveramsey post yesterday? What sort of #safetynet provisions would you like to put in place for your kids? How to prevent them from relaxing into them like a hammock? Many families come to me and say just this: they want to help their kids and grandkids but not enable them against work. Even outrageously wealthy parents like @_warrenbuffett and @kevinolearytv have spoken of the ways they’ve encouraged their kids to work and not rely on their parents wealth. Want some ideas? Speak to your #estateplanningattorney She can help. #willstrustsandestates #lawyermom #californiawillsandtrusts #revocabletrust
I can’t stress the importance of Estate Planning for young parents. Especially because we are most likely to go out on date nights with significant others and leave our children in the care of a babysitter, aftercare, extracurricular activities or the likes. Do you have a temporary and permanent legal guardian for your children in the event an accident or shooting kills both parents? If you fail to set up legal guardianship for your children and the unthinkable occurs, your children will be placed into the Florida Dept of Children and Families until a judge can assign guardianship. We plan for our kids schools, our kids health, our kids activities. We need to start planning for the the most important decision of our child’s life and that is who will take care of them if I can’t?
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Watch the full video on my Facebook or YouTube via linktree above to hear my personal story last week.
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Please tag your parent friends to watch this video if you think parents need to know what’s at stake. .