Separate Estate Plans: How To Do It Right

One of the more frequently asked questions we get is about the difference between revocable and irrevocable trusts. In this post, I answer that question as simply as I know how and suggest why someone might choose one over the other. As always, let us know if you have any questions.

Speaking from personal experience, I can say that owning a business is one of the most rewarding and stressful things in the world. The risks, challenges, successes, and failures are a roller coaster, to be sure, but it is so gratifying to see your vision become reality. With all of the imagination and sweat that goes into your business, you need a plan - not just a business plan, but particular parts of an estate plan.

Whenever a new client schedules their first consultation with us, they ask if there is are any documents, financial statements, or other materials they need to bring, or if we require potential clients to first fill out a complicated intake form. This is a reasonable question. We try our best to make our initial estate planning consultation as simple as possible, but we understand it can still seem daunting, especially if you are starting from scratch.