Property trusts allow you to place your personal residence or any property you own into a trust to be given to a beneficiary, explains an article, “When Should I Put My Home in a Trust,” from yahoo!life.com. Placing your home in a property trust makes it far more likely your home will go to its intended beneficiary. The property … Continue reading What are the Advantages of Putting Your Home in a Trust?
Category: Probate
How Can I Relieve My Family’s Stress When I Die?
After losing a family member, people experience pain and grief. The situation gets worse if legal issues are involved, resulting in family conflicts. Such challenges are typically the result of a lack of planning when they could have been much easier if a good plan had been in place, says Scubby’s article entitled “7 Ways To Ease Your … Continue reading How Can I Relieve My Family’s Stress When I Die?
What Is Probate Court?
Probate court is a part of the court system that oversees the execution of wills, as well as the handling of estates, conservatorships and guardianships. This court also is responsible for the commitment of a person with psychiatric disabilities to institutions designed to help them. Investopedia’s an article entitled “What Is Probate Court?” also explains that the probate … Continue reading What Is Probate Court?
Which Documents are in an Estate Plan?
Understanding how estate planning documents work is central to creating an estate plan for each individual’s unique situation. An estate planning attorney needs to know the details of your life, not because they’re nosy. It is because this is how they can create a plan tailored to protect you during your lifetime, plan for long-term … Continue reading Which Documents are in an Estate Plan?
Does Divorce Have an Impact on Estate Planning?
The short answer is “Yes”. Even the most amicable divorce requires a review and update of your estate plan, as explained in an article from yahoo! finance, “I’m Divorcing. Will That Impact My Estate Planning?” This includes your will, power of attorney and other documents. Not getting this part of divorce right can have long-term repercussions, even after … Continue reading Does Divorce Have an Impact on Estate Planning?
Do I Need a Will If I’m Leaving Insurance Policy to a Beneficiary?
If you aren’t thorough with your estate planning, you could create conflict, even with the best of intentions, says an article from yahoo! Entertainment titled “Life Insurance Beneficiary vs. Will: Do I Need Both?” Your life insurance beneficiary designation supersedes your will, so you’ll need to have your life insurance policy and your will aligned to save heirs … Continue reading Do I Need a Will If I’m Leaving Insurance Policy to a Beneficiary?
Top 10 Estate Planning Myths
Estate planning addresses many issues, from who inherits your property or handles your finances to who takes care of you if you’re incapacitated to who manages funds for a disabled child. Unfortunately, there are many myths around estate planning, as explained in the article “Debunking the Top 10 estate planning myths” from Insurance News Net. Only wealthy people … Continue reading Top 10 Estate Planning Myths
What Things are Often Overlooked in Estate Plans?
When creating an estate plan, there are details that seem minor but are actually very important, says a recent article from Mondaq, “Four Provisions People Often Forget To Include In Their Estate Plan.” Don’t forget to name alternative beneficiaries and executors If the will name a beneficiary but they are unable to take possession of the property, … Continue reading What Things are Often Overlooked in Estate Plans?
What Is Probate?
Unless they’ve experienced it themselves, most people don’t know what happens after the funeral is over and the mourners return to their lives. A recent article from San Francisco Bay Times, “Probate in a Nutshell,” explains how the probate process works. Probate is the legal process of administering the estate of a deceased person. It includes transferring assets … Continue reading What Is Probate?
Ask the Attorney: Can the Beneficiary of a Will Have the Executor Removed?
The executor has one of the most essential roles in fulfilling the last wishes of a person who has passed away. Since the decedent often appoints them, the court typically defaults to the executor. And when the court appoints them, it is done only after careful consideration. Hence, there must be grounds for removing an … Continue reading Ask the Attorney: Can the Beneficiary of a Will Have the Executor Removed?