In our last blog post we discussed the benefits of drafting both a last will and testament and a living will. In this post, we'll continue to discuss essential estate planning topics including the purpose and benefits of a trust and how to discuss important estate planning matters with children and heirs.
Birth and death are the only true certainties in life. Despite this fact, according to sources, only roughly 40 percent of Americans take the time to devise a will. Even in cases where an individual doesn't think he or she needs a will, having one is ultimately an act of love. A will can save those left behind the emotional pain and stress of having to hunt down information related to important matters which must be attended to upon an individual's death.