SANSONE LAW BLOG

Mar
30

How You Can Build an Estate Plan that Includes Asset Protection


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Much of estate planning has to do with the way a person’s assets will be distributed upon their death. However, there is more to consider than just distribution of assets upon death. From planning for incapacity to diligent probate avoidance, there is a lot that goes into crafting a comprehensive estate plan. One important factor to consider is asset protection.

One of the most important things to understand about asset protection is that you must plan for it in advance. Not much good can come from trying to protect your assets reactively when you unexpectedly face situations such as bankruptcy or divorce. The best way to take full advantage of asset protection within your estate plan i...


Feb
01

Wills, Trusts, and Dying Intestate: How They Differ








Most people understand that having some sort of an estate plan in place is beneficial. However, many of us do not take the first steps to get that estate plan in place because we do not understand the nuances between a will and trust, and the impact of dying without either.

Here is what will generally happen if you die with a will, with a revocable living trust, or without either, which is referred to as dying intestate. For this example, we are assuming you have two children, but no spouse:

1. If you die intestate, your accounts and property will go through probate and anyone can find out what you owned, what you owed, and who got what. Your mortgage company, car loan company, and credit ca...


Oct
12

Three Common Reasons People Procrastinate on Their Estate Plan


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There’s no doubt it can feel challenging to get motivated about your estate plan. You might feel uncomfortable thinking, let alone talking, about death. Maybe you feel you just don’t have time to complete what you anticipate will be a long and stressful process. Or, the whole idea of an estate plan may just seem confusing. Even if you have one or all of these thoughts running through your mind, you also likely want to make sure your loved ones are protected and receive your hard-earned money and property if something happens to you.


These are some of the most common reasons people provide when asked why they still do not have an estate plan in place. Do not let these common road...


Sep
14

COVID-19 and Minor Children: Things to Consider Now


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Protecting your family is important, especially when you have minor children, and even more so now that we are living through a pandemic. With all of the unknowns of our current situation, you need some certainty. Having an up-to-date estate plan can be the first step toward providing that certainty in an uncertain world.


Many people believe estate planning should only be used to make arrangements for your death. However, a properly crafted estate plan should also be used to make arrangements for circumstances where you are still alive but you are unable to make decisions for yourself or your minor children. The inability to make decisions or care for oneself or a minor child is often referre...