In many families, property, specifically the family home, is the most important asset for consideration during estate planning. Accordingly, lawyers share advice about how the dual goal of remaining securely at home while we… Read Moreabout Life Estates Explained
Estate planning increasingly involves the establishment of a trust, which is a practical way to designate funds for our own needs and for beneficiaries, including children or those with special needs. Trusts allow for… Read Moreabout What Is a Trust?
Probate is the legal, public process that brings closure to our affairs when we die. Probate protocols vary by state, and at some point, most families will navigate the appropriate proceedings upon the death… Read Moreabout Probate Complications
Trusts can play a variety of roles in our estate plans, since they can be specifically set up to attend to particular life circumstances. For example, a retirement plan trust shields the principal of… Read Moreabout Retirement Plan Trusts Explained
When a loved one dies without a will, courts may appoint a temporary administrator to take responsibility for fiduciary functions. This ensures that pressing affairs of the estate, like securing a property, are addressed… Read Moreabout Temporary Administrator?
Families frequently—and mistakenly—believe that when a will exists, probate can be avoided upon the death of a loved one. The fact is, a will needs to be filed in probate court, and this is… Read Moreabout Filing A Will in Probate Court?
Establishing a Special Needs Trust for a loved one ensures allows you to think about their needs, including the importance of maintaining eligibility for government benefits. Lawyers explain how a trust can be customized… Read Moreabout Customizing A Special Needs Trust
Avoid Disputes In addition to all the other important reasons to carefully prepare a will and or trust, is this one: having a solid estate plan is the best way to avoid the disputes that… Read Moreabout Avoid Disputes
There is nothing inherently bad about probate. Simply put, probate is the legal, public process that brings closure to our affairs when we die. Although most states offer expedited processes depending upon the level… Read Moreabout Can You Avoid Probate? Should You?