When considering wills and inheritances, most people consider adult beneficiaries. After all, you hope to pass when your children are grown and the people in your life are around to enjoy what you leave them. However, there are situations where children can be left with property and other assets. Leaving assets to young children and […]
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When it comes to planning your estate, it is necessary to designate an executor. This person, or institution, will be responsible for clearing all of your debts, assessing your assets, and carrying out your final wishes. Choosing the executor of your estate is one of the most important decisions regarding estate planning, so carefully consider
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When a person dies, their assets are going to need to be distributed one way or another, as well as debts paid. While a will is usually used to determine who receives what, sometimes a will simply doesn’t exist. In these cases, the court decides how assets are to be allocated. Either way (will or
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When it comes to living trusts, there are two basic options available; a revocable trust and an irrevocable trust. To determine which type of trust is best, it is important to understand the fundamental differences between them and under what circumstances one may be better than the other. The revocable trust is the type of
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Most people don’t want to think about their own demise. For parents with young children it can be emotionally draining to think about kids growing up without guidance or their parents in their lives. This feeling underscores how important it is to plan who will take care of your children if you pass away unexpectedly.
Every Parent Needs a Will Read More »
Timeshares can be a headache for estate planning attorneys and probate attorneys as well as their clients! If not treated appropriately they can cost time and money for everyone involved. Many timeshares are real estate interests. This makes them deeded interests. Other timeshares are under a contractual right to use. If a person dies with a
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Happy New Year! It’s that time of year when people start thinking about how to improve themselves and their lives across the next 365 days. Weight loss goals, educational goals, budgeting notions, and high-minded promises are not uncommon resolutions, though most fail to last beyond a few weeks. Seize the energy of those vanishingly small
New Years Resolution? How About a Will or Trust? Read More »
