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Heircraft Planning - A Trust and Estate Law Firm

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Estate Planning Blog

Why Snow White’s Father Should Have Had an Estate Plan

October 4, 2024 Filed Under: Estate Planning Blog

Many of us are familiar with the story of Snow White and the seven dwarfs. Central to the story is the relationship between Snow White and her stepmother. After losing his wife, the king decided to marry again to provide a motherly influence for his daughter, Snow White. While things were peaceful for a while, once the king passed away, the Queen’s true colors came to light. Feeling threatened … [Read more...] about Why Snow White’s Father Should Have Had an Estate Plan

After Your Death, Who Takes Care of the Dog?

October 4, 2024 Leave a Comment Filed Under: Estate Planning Blog

A pet trust designates a new guardian for companion animals and sets aside funds for their care. Better yet, it’s legally binding. In 2016, Tracy Jennings received shocking news: A lifelong friend, a woman who had a farm with animals great and small, had died suddenly in an accident. A circle of grieving friends hastily arranged new homes for the woman’s beloved animals, including three … [Read more...] about After Your Death, Who Takes Care of the Dog?

Surviving Spouses May Not Be Responsible for Partners’ Medical Bills

October 4, 2024 Leave a Comment Filed Under: Estate Planning Blog

A call from a debt collector may add to the challenges that bereaved people are already dealing with. But spouses “should not assume that they have to pay.” The death of a spouse can be devastating, and in the aftermath, calls from collection agencies about medical bills and other debts could not come at a worse time. But surviving spouses may not be responsible for unpaid medical bills, … [Read more...] about Surviving Spouses May Not Be Responsible for Partners’ Medical Bills

Estate Administration Details that TV and Movies Get Wrong

September 30, 2024 Leave a Comment Filed Under: Estate Planning Blog

While television and movies provide great entertainment, they are not always factual. Even shows based on real events are not entirely accurate. Creators of television programs and movies will often alter details of a story or situation to provide an enjoyable experience. Because of these widespread embellishments, people often develop misconceptions about many industries and professions, … [Read more...] about Estate Administration Details that TV and Movies Get Wrong

To the Millennials: The Time to Plan Is Now

September 23, 2024 Leave a Comment Filed Under: Estate Planning Blog

As a millennial, you are contributing to the workforce in a major way and are making positive changes in the world around you. We understand that your concerns may differ from someone of a different generation, and we are here to help you craft an estate plan that protects your future and addresses the things that matter most to you. The following are some important steps you need to take to … [Read more...] about To the Millennials: The Time to Plan Is Now

Could a Will Be Right For You?

August 21, 2024 Leave a Comment Filed Under: Estate Planning Blog

The term last will dates back more than a millennium to English common law, in which a person expressed what they “willed” to have happen to their property. The use of what we now know as a will dates back even further, to ancient Romans, who, under the Code of Justinian, recognized documents that transferred possessions from deceased male citizens to their heirs. While some of the specific … [Read more...] about Could a Will Be Right For You?

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