By employing the use of certain estate planning tools, you can maintain control over what happens to your money and assets. Of course, everyone can benefit from a will, but you may need something beyond a basic will. A revocable living trust sounds complex, but it simply outlines how you want your property distributed after you die. Since it is revocable, you can change it at any point up to your death.
There is no doubt that divorce can be an extremely difficult experience. You can easily get overwhelmed by the emotional pain of ending a marriage, not to mention the legal complexities of dividing assets.
Few business transactions have more at stake than a merger or acquisition. In these situations, there are two companies with a lot to gain or lose, so it is crucial that these deals are considered carefully, negotiated thoughtfully and reported properly. Failure to do any of these things could jeopardize the deal.
Estate planning is a critical way to protect yourself, your assets and your wishes for the future. With tools like a will, trusts, power of attorney designations and medical directives, you can establish what you want and don't want to happen in the event of death or incapacity.