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What Happens During Probate
Through probate, the court can ensure that a deceased’s final wishes are fulfilled and their assets allocated to their rightful beneficiaries. The process involves locating all of the person’s possessions, verifying values, settling debts and taxes due – ensuring both legal correctness and fairness in estate allocation. When is it necessary to go through the […]
12 Common Mistakes Executors Make In Probate
After a loved one passes, the probate court is responsible for ensuring that creditors are paid and any remaining assets are properly distributed to beneficiaries. The estate settlement process helps make this difficult journey easier by providing an orderly system of approval from the court so those left behind can rest assured they will receive […]
What Is a ‘Caregiver’ Agreement?
As family members age and require care, the burden of that care often falls on an adult child. For those that leave jobs to care for family members, it can become a financial hardship for the family.
Should I Let The State Write My Will?
Death is not a favorite conversation topic. However, we all know it is something we must at some point discuss. The loss of a close friend or family member, or an event, such as the COVID-19 pandemic, seems to bring the topic to the forefront.
What Is a Testamentary Trust?
One component of your estate plan may be a testamentary trust, which is a legal document, usually created within a will, that becomes effective at your death.
Why Should I Think about My Death?
Talking about death makes most of us uncomfortable, so we don’t plan for it. That’s a big mistake, because if you don’t have an end-of-life plan, your state’s laws decide who gets everything you own. A doctor you’ve never met could decide how you spend your last moments, and your loved ones could be saddled with untangling an expensive legal mess after you die.
What Happens If I Don’t Fund My Trust?
If you have updated your estate plan during the Covid crisis and even found a way to sign your documents while maintaining social distance, do not overlook the last step of trust funding.
What Should I Know about a ‘Green’ Burial?
Green, also known as natural or simple, burials are a fast-growing segment of the funeral business.
What Happens to Debt when You Die?
Creditors typically try to collect on unpaid debt, by going after the decedent’s estate during a process called probate.
Is there a Better Plan than a Reverse Mortgage?
Using the equity in your residence is a method many people use to raise cash. There are several methods that a homeowner may use to tap into this income vein, but some may be better suited than others. One popular option—that often fills the airwaves with commercials—is the reverse mortgage. However, while popular, this may not be the best choice for many homeowners.