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When it comes to passing on your property to friends and family, you have options. Some formal, some informal. While informal methods might seem simpler in the moment, understanding the differences between approaches can help ensure your wishes are actually carried out. Let’s explore the various ways people plan for the distribution of their assets. […]
Understanding Your Wishes: Living Wills vs. “Do Not Resuscitate” (DNR) Orders
It’s easy to get confused about Living Wills and “Do Not Resuscitate” (DNR) orders. Many people worry both of these documents mean hospitals won’t help you if you need it. But that’s not the case at all! In Rhode Island, the Living Will and the DNR are two separate documents with two distinct purposes. Both […]
What Is a Testamentary Trust and How Does It Work?
When it comes to estate planning, you’ve probably heard of wills and living trusts—but what about testamentary trusts? If you’re looking for a way to provide for your loved ones while maintaining some control over how your assets are distributed, a testamentary trust might be a great option. So, what exactly is a testamentary trust, […]
