What are 5 Good Reasons to Estate Plan? (Video)
Hi. I’m Gary, the owner of DeWitt law. We do estate planning well. In no order of importance, here are 5 reasons to estate plan…. You have 2 choices – plan or don’t plan. Without a plan, you lose control to state law and a Judge. Go to DeWitt.law now to start your plan with […]
Living Trust
Definition of a Living Trust A living trust is a revocable trust that you create during your lifetime. In estate planning, a living trust can be one of the most important things you can do. Is a living trust irrevocable? Only if it is setup to be an irrevocable trust. Sometimes they are called a […]
Trusts in Estate Planning
Trusts in estate planning are one of the best options available. A properly executed and funded trust will keep your assets out of the long and emotionally draining process of probate. Probate will take many months to years, and assets will not be available to your family immediately. A trust means that your family gets […]
What is a Trust? (Video)
What is a Trust? Mark needed to qualify for Medicaid. Fortunately, one of the rules he put in his trust was the power to makes gifts of trust assets during his lifetime. (Gifting is a powerful Medicaid qualification technique.) Without that power, it would have been much more difficult for Mark to qualify. This is […]
7 Signs You Need a Trust – Video
In no order of importance, here are 7 signs you need a trust: 2. You have children or a spouse that is a poor money manager or has credit problems 3. You have real estate in multiple states 4. You want the best chance at avoiding probate 5. You have children with marital issues 6. […]
How do I Avoid Probate? (Video)
Today I want to talk to you about how to avoid probate. Hi. I’m Gary DeWitt, the owner of DeWitt Law Firm. We do estate planning. We do it well. We make it as fast, simple, affordable, and painless as possible. If you have questions about estate planning or probate, you can setup a time […]
How do I Choose Between a Will and a Trust?
Introduction This is the process I go through when helping people answer the question “How do I choose between a will and a Trust?”. There are other more personal factors that go into the decision than this, but here are the more tangible things to consider. Background With a Will, all property not otherwise handled […]
Estate Planning for Blended Families
What is a Blended Family? A blended family is when two people that have children from prior marriages marry. Blended Family Problems After her father passed away, Mary remained close to her step-mom, Helen, over the years. Helen choose a few years before her death to move closer to her own biological children and left […]
Estate Planning Academy Episode 13: I have a Revocable Living Trust, Now What?
The Biggest Mistake The biggest mistake I see with a revocable living trust is creating it, doing some funding, but not finishing the job… Just because you have a Trust, doesn’t mean it is a setup and forget thing A Trust is a “living” document. In addition to the initial setup, a Trust needs to […]
Estate Planning Academy Episode 12: Choosing Between a Will and a Trust
Do you have children (or a spouse) with substance abuse issues? A trust can keep the money out of their direct control. You can add conditions that their rent and utilities are paid directly to the landlord and utility companies. And, you can add in a condition that if they are clean and sober, they […]