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Estate Planning Blog

Important insight on Living Trusts!

A living trust is a legal document which places ownership and control of property into a trust, managed by a trustee for your benefit. Living trusts are often used as part of estate planning and can be helpful in case of incapacity.
06/07/23 • by: Goldsmith & Guymon, P.C.
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What Happens When There’s No Will?

Dying intestate can have unintended consequences for pretty much every family type. However, it is especially painful if there are unmarried partners or stepchildren, who are left out under the law in almost every scenario.
06/06/23 • by: Goldsmith & Guymon, P.C.
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The Role of a Durable Power of Attorney in Incapacity

If you’re seeking guardianship or conservatorship for a relative who is unable to take care of their own personal or financial needs, get ready for the long haul.
06/03/23 • by: Goldsmith & Guymon, P.C.
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Why Would I Put My Home in a Trust?

When you purchase and own a home, your name is on the title to the property, indicating ownership. However, you can transfer ownership of your residence to another person or entity in the form of a real estate trust.
06/02/23 • by: Goldsmith & Guymon, P.C.
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What Kinds of Powers of Attorney Are There?

A power of attorney grants someone (the “agent”) authority to act on behalf of another party (the “principal”).
06/01/23 • by: Goldsmith & Guymon, P.C.
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How Do I Talk to My Parents About Estate Planning?

Broaching the subject of estate planning can be difficult, as emotions often run high while discussing end-of-life care and other similar topics. However, having a plan in place can streamline the estate transfer process upon the passing of your loved ones, bringing peace of mind to the whole family.
05/31/23 • by: Goldsmith & Guymon, P.C.
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Why Do I Need an Estate Plan?

Estate planning might sound like something that’s just for wealthy people with huge beach houses and billions in the bank. However, the truth is that estate planning is something we all need to think about.
05/31/23 • by: Goldsmith & Guymon, P.C.
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What are the Consequences of Dying Without a Will?

When you die, a section of law known as estate and probate law governs how your assets are distributed.
05/27/23 • by: Goldsmith & Guymon, P.C.
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Can I Keep Stepchildren Out of Estate Plan?

Estate planning is nearly always worthwhile but can be extra important when you have stepchildren.
05/26/23 • by: Goldsmith & Guymon, P.C.
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Is It Possible to Split an IRA?

Like most assets, you can inherit an individual retirement account (IRA) after the owner’s death. For spouses, inheriting an IRA is a relatively straightforward process.
05/25/23 • by: Goldsmith & Guymon, P.C.
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