Estate Planning is regarded as an advanced arrangement of how all properties and investments are mange when someone passes away. This process is essential to avoid possible disputes and arguments in regard to these assets.

“Will” and “Trust” are familiar terms in estate planning. Though they both can contribute to perfect an estate plan, these two devices are not alike in many different ways.
The first as well as the most important difference between a will and a trust is that a will goes into effect only after you die, while a trust takes effect as soon as you create it.

No one else can make a power of attorney on your behalf. You must do it yourself while you are of sound mind.

Probate is the process of transferring property legal title from the decreased person to their heirs or beneficiaries

The power of attorney is frequently used in the event of illness or disability, or when you can’t be present to sign necessary legal documents for financial transactions.

Preparing a will is not a headache as you might think. It is just the matter of customizing the standard required for a will to your own case. You can easily make a testament yourself by noting down bullet points in the below checklist: