FAQs

A: During probate, your will is legally validated, debts are paid, and the orderly transfer of your assets to beneficiaries is overseen. This process can be time-consuming, however, and using a trust instead of a will can help your loved ones avoid probate.

A: A will simply directs what is to be done with your assets once you have passed away. A trust helps your loved ones avoid probate and can be tailored to more specific family and personal situations, making it a better choice for many clients.

A: Generally, bankruptcy does not threaten your retirement benefits. In the vast majority of cases, your retirement savings and benefits will not be used to pay off debts and will be kept safe.

A: A power of attorney can step in and manage your financial affairs on our behalf or make medical decisions on your behalf should you become incapacitated. It is a good idea to plan ahead for the unexpected and appoint a power of attorney.