Estate Planning doesn’t have to be a confusing and overwhelming process.
Jane is passionate about working with everyday people to understand what their documents actually mean and to create a plan that works for them and their loved ones. Below are common questions Jane gets from her Clients all the time.
Frequently Asked Questions
How do I get started on my Estate Plan?
Jane encourages her clients to identify their priorities and initiate conversation with their loved ones. A few questions to consider:
- Who do you trust to makes decisions for you if you are medically unable?
- Who do you trust to raise minor children the way you desire?
- How will you organize your affairs now so your loved ones know what to do at your death?
- How would you like to distribute you assets (money, home, car and sentimental items) after your death?
It always starts with a discussion. Schedule a free initial consultation with Jane here.
What is the difference between a Living Will and a Will (also known as Last Will & Testament)?
These documents serve very different purposes but were unfortunately named similarly.
Your Living Will authorizes your agents to enforce the end-of-life decisions you make while you are well and competent. It is ONLY effective after two doctors agree on prognosis. Living Will is also commonly referred to as Advance Directive and follows you Health Care Power of Attorney. Casually it is referred to as the pull-the-plug directives.
Your Last Will & Testament directs the Court in appointing guardians of minor children, naming your Executor, waiving required bond, and directs how you want your probate assets distributed. This is typically what people think about when they talk about Will – it provides directives on your assets and minor children after your death.
How do I avoid Probate?
The #1 way to Control What You Can™ (and avoid probate) is by how your assets are titled and how beneficiaries are listed. (Think bank accounts, home,
retirement plans, brokerage, insurance, motor vehicles & deposit box). If you have a joint owner or beneficiary named, the asset goes directly to that person without going through the probate process.