- Frequently Asked Questions -

- ESTATE PLANNING -

Question

What does a will do?

Answer

A will essentially lays out your plan to distribute and dispose of the property you owned at the time of your death. Your will only goes into effect upon your death.

Question

What does a trust do?

Answer

A trust involves transferring property to a trustee. The trustee will hold and use the property for a designated beneficiary.

Question

What does “per stirpes” mean?

Answer

Per stirpes is a latin term used frequently in estate planning today for protecting against the death of one of your children by ensuring his or her share gets distributed to your grandchildren.

Question

Is there a certain income level I need to have before beginning estate planning?

Answer

No, there is no requirement as to income or assets.