Russ Cook & Associates, PC

Estate Planning Archives

3 ways to address valuable collections in your estate plan

People who collect art, action figures, stamps, coins or other valuable items know that such pursuits take a lot of time, energy and money. As such, it is important to protect the investment and care that goes into these collections by addressing them specifically in an estate plan.

Creating an estate plan in 2018? How to get started

It's the start of a new year and for many people, that means making resolutions to do things differently or better in the coming year. However, these resolutions can often -- and easily -- be broken. People get distracted or unmotivated, particularly when it involves doing something that seems complicated and uncomfortable, like making an estate plan.

On changing, revoking, or challenging a will

As we have talked about numerous times before on this blog, your will is a critical component to your entire estate plan. Without one, your last wishes may not be appropriately represented. So having a will is important not just to securing your legacy and nest egg, but also to protecting your loved ones and beneficiaries.

Living wills vs. healthcare power of attorney

The living will and the healthcare power of attorney are two different aspects to your estate plan, even though they have similar functions. They are distinct however, and they both serve incredibly important functions. So what are they and why should you care about the differences between the two?

Why you might want to rethink non-traditional care directives

When it comes to making an estate plan, specificity can be critical. If you leave vague explanations or instructions, it can be difficult for your loved ones and others to interpret and fulfill your wishes. This could have devastating consequences on the people who may never feel confident in the decisions they make on your behalf. 

How do I know if it's time to review my estate plan?

Too many people make the mistake of thinking that estate planning is a one-time task. However, in reality, creating an estate plan is only part of the process. You must also review your plans periodically to be sure that they continue to protect your wishes and assets.

Why would I need a gun trust?

Estate planning has the potential to be more complicated than people realize when there are complicated assets involved. However, you might not know that you have complicated assets if you have not discussed your estate planning needs and goals with an attorney.

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