Most people think that having a will or trust is enough for their estate planning. However, a solid estate plan requires a few more instruments so that you and your loved ones are covered from all angles and enjoy certain benefits. With a well-rounded estate plan, you can save on estate taxes, avoid probate, appoint… Read more »
Including a will in your estate plan provides you with a great opportunity to make important decisions regarding how you want things to happen after you pass away. A will is like an action plan comprising of details about your beneficiaries and distribution of your assets and property. In addition to that, it gives you… Read more »
Whether or not there is an estate plan in place, the process of administration is rarely a smooth one. When there are disputes among beneficiaries, especially family members, estate litigation becomes necessary, leading to difficulties, complications, and extensions. Generally, estate administration is one of those legal procedures that is lengthened due to conflict of interest… Read more »
Most people wonder whether someone would have left them assets or money in an inheritance. If an immediate family member, like a parent or grandparent, has passed away, there is a good chance they may have left a will or established a trust with you named as a beneficiary. But how can you find out… Read more »
Whether you pass away with a will in place or not, your estate is likely to go through probate, which can be a costly, stressful, and time-consuming process for everyone involved. Here are some reasons why you may want to avoid probate. Court Approvals During probate, you may need to get approval of the court… Read more »
If you have a family member with special needs, it may be a good idea to set up a special needs trust to plan for their future financial support after you are no longer able to take care of them. You may want to leave money for your loved one, but this gift could affect… Read more »