Estate Planning as a Career

A living will is a legal document that you create to prepare your medical care and finances in the event that you become incapacitated and cannot make decisions for yourself. It is a way to plan ahead in the event of an emergency.

Each state has different laws governing living wills; therefore it may be in your best interest to consult an estate lawyer in the state in which you reside.

There are many advantages to preparing a free living will, all were developed to ease the pain o (more…)

An endowment can be a great way to gift money or property to an institution. It stipulates that the gift be invested and the principal always remain intact. This means that the institution will have a continuous flow of funds from the interest.

There are many types of endowments that are used to fund different activities. An endowed professorship (or endowed chair) is a position at the university that is permanently funded by the endowment that has been set up. Many of these chairs (more…)

A Revocable Trust or living trust is a legal arrangement used in estate planning that provides for the management and distribution of your property when you die. This will be stated on a Declaration of trust or Trust agreement. The trustor transfers property to the trustee, who holds the property for the beneficiary. The trustee is responsible for holding onto and protecting any and all assets. A living trust can be changed by the person who drew it up, the grantor at any time of their cho (more…)