by Keith Hajovsky | Jan 15, 2025 | General Estate Planning, Living Will, Medical Power of Attorney, Power of Attorney, Trusts, Wills
What is estate planning? First of all, almost everyone has an estate, because an estate is merely made up of everything a person owns – cars, real estate, checking accounts, investment accounts, furniture, clothes, etc. So, dear reader, you are pretty much guaranteed...
by Keith Hajovsky | Jan 3, 2025 | General Estate Planning, Probate, Trusts
A spendthrift trust can be a very powerful estate planning tool if you want to leave assets to someone who isn’t good with money. I have always said that everyone has their strengths, i.e. things that they are good at. Some of us are very artistic. Some of us...
by Keith Hajovsky | Dec 18, 2024 | General Estate Planning, Guardians, Wills
It’s bad enough that 64% of Americans don’t have a will, but most parents of minor children have not named guardians for their children either. And you really need to name guardians for your children, because in some ways this might be even more important...
by Keith Hajovsky | Dec 11, 2024 | General Estate Planning, Guardians
A legal guardian is someone who is designated to take care of your child in case both you and the other parent of your child were to die before your child reaches adulthood. Yes, that’s a terrible scenario to think about, but unfortunately it’s a genuine possibility....
by Keith Hajovsky | Oct 30, 2024 | Estate Administration, General Estate Planning, Probate, Trusts, Wills
Can you avoid probate by having a living trust? (please also see Do I Need A Living Trust) Well yes and no. Yes, for all the assets that you actually place into the trust you can avoid probate for those particular assets. For example, you could deed your house to the...
by Keith Hajovsky | Oct 23, 2024 | General Estate Planning, Medical Power of Attorney, Power of Attorney, Wills
Here are some things to think about in regards to your estate planning documents during a crisis. The most recent example of a crisis that affected all of us was in 2020 and 2021 when COVID was in the depths of causing physical harm and financial havoc around the...
