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Choosing Beneficiaries
Wills and Trusts

Choosing Beneficiaries

author

Payge Torres Anderson

Mar 15, 2026

One of the most important steps when putting together a Last Will & Testament is deciding on the beneficiaries of your estate. As the testator (creator of the will), you can choose anyone as your beneficiary. A beneficiary is any person or organization granted a portion of your estate after...

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Beneficiary Designations
Wills and Trusts

Beneficiary Designations

author

Payge Torres Anderson

Mar 05, 2024

One way to ensure your loved ones are provided for after your death is to assign beneficiaries directly to your financial accounts. Sometimes referred to as "beneficiary designation," this option lets your loved ones avoid the hassle and expense of probate court. One advantage of adding beneficiaries to your financial...

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Biggest Estate Planning Mistakes People Make
Wills and Trusts

Biggest Estate Planning Mistakes People Make

author

Payge Torres Anderson

Jan 01, 1970

Estate planning provides you with much needed peace of mind as you go through the sometimes daunting after-life planning process. It ensures your assets are distributed as per your wishes and keeps your loved ones safe after you leave. Mistakes, however, can lead to expensive consequences. Understanding the different aspects...

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Expectations of the Executor
Wills and Trusts

Expectations of the Executor

author

Payge Torres Anderson

Jan 01, 1970

One of the most important decisions when making your Last Will & Testament is selecting an executor. Your executor is the personal and trusted assistant of your estate, as set up in your will. They are responsible for ensuring that all instructions and wishes in your will are carried out...

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Estate Planning with a Living Trust
Wills and Trusts

Estate Planning with a Living Trust

author

Payge Torres Anderson

Jan 01, 1970

You may already have a in your estate plan, but if you want to provide for your beneficiaries without the hassle of probate, you might also need a Living Trust. A Living Trust is a legally-binding document that you (the trustor) create to protect and manage your assets until your...

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Legal Requirements for a Will
Wills and Trusts

Legal Requirements for a Will

author

Payge Torres Anderson

Jan 01, 1970

When you create a Last Will and Testament, be aware that there are specific legal requirements you must include in your document for it to be legally valid. These requirements vary from state to state, but regardless of where you live in the US, include: In most states, the minimum...

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Writing Your Own Will
Wills and Trusts

Writing Your Own Will

author

Payge Torres Anderson

Jan 01, 1970

Are you part of the fifty percent of Americans who haven't yet created a Last Will and Testament? Don't delay any longer. A will is one of the best ways to provide for your loved ones after you pass. is less complicated than it might seem, and it's essential for...

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Estate Planning Without a Lawyer
Wills and Trusts

Estate Planning Without a Lawyer

author

Payge Torres Anderson

Jan 01, 1970

Everyone needs an estate plan, regardless of age, income, or marital status. It's more than just a Last Will and Testament. The primary purpose of an estate plan is to provide comprehensive instructions and prepare loved ones in case of traumatic events or death. A complete plan includes the following...

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The Purpose of a Codicil
Wills and Trusts

The Purpose of a Codicil

author

Payge Torres Anderson

Jan 01, 1970

Whether you have already created a Last Will & Testament or you are merely considering this essential task, you might have questions about what to do if you decide to make changes to your will later. Do you have to go through the hassle of creating an entirely new document,...

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Hiring an Estate Attorney
Wills and Trusts

Hiring an Estate Attorney

author

Payge Torres Anderson

Jan 01, 1970

Although an attorney isn't required to create a legally-binding estate plan, you may find the experience and professional advice of an estate lawyer to be worth the investment. While more expensive and time-consuming than , a knowledgeable estate attorney can help you put together every facet and plan for every...

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