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Estate planning in and of itself is not a heart wrenching process. Though it can be complicating to have all of your affairs placed in order for the future, you can rest assured that when you die your ducks will be in a row for those you love whom you desire to inherit your assets and property. However, if you have recently gone through a divorce, ...
Continue reading "Estate Planning: Writing that Necessary Letter to Your Ex" »
Estate planning is a serious s endeavor, and you need to focus on your future and the future of your children when organizing the estate. There are a variety of different documents that you should heavily consider creating and drafting to help your family avoid conflict when you pass away. Without these various documents to help your family, there ...
Continue reading "The Five Estate Planning Documents You Need" »
When it comes to planning for one's life, we often focus on making sure that our savings accounts are well endowed, that our mortgages are paid off, or any debt for that matter, and that our family members are happy. Planning for the times ahead includes making certain that our children's college funds are being added to every month, and ...
Continue reading "Power of Attorneys for Health Care" »
If you want your grandchildren to benefit from your fortune, it may be wisest to set up trusts where they are the beneficiaries but the finances are controlled by a trustee. According to Estate Planning, grandparents should never allow their children to be the direct beneficiary of an estate, or they may use their inheritance money for no apparent ...
Continue reading "Gifting to your Grandchildren: What You Need to Know" »
In the event of the death of a loved one, after some time you will learn that their debt is beginning to accumulate. When it comes to money, in our spending we often like to assume that money grows on trees, and quickly we realize that it most definitely, does not. After the death of a loved one, we may wish to hear that the debt simply disappears, ...
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If you and your domestic partner are not married, you are not guaranteed the same rights to an estate as an individual who has tied the knot with formal nuptials. Regardless of whether or not you and your partner function in a marriage-like relationship, you need to have a marriage license in order to gain automatic inheritance of your ...
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When it comes to matters of your estate and planning for the future after you are no longer here, choosing an executor is among some of the most important steps for you. The executor is the person with whom you entrust your estate to and the distribution of possessions and property to, a weighty task indeed! Be sure to contact your trusted probate ...
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Probate can seem like a complicated and involved process, so it is often helpful to have a 101 guide that covers the bases. Essentially, probate is the legal process of transferring a decedent's property to his or her heirs. If a decedent dies testate, then this means that he or she left a will which will guide the probate process. If a person ...
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What is Probate ? Before learning about how to avoid probate, it is extremely beneficial for you to first have an understanding of what probate is. Probate simply defined is a court-supervised procedure in which they oversee the property distribution of an individual who has passed away. The process of probate was essentially established to ...
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If a decedent has a lot of debt when he or she passes away, it can complicate the probate process slightly. Family members often need to make important decisions regarding debts after death. Usually, the first thing that occurs in a probate procedure is the repayment of all debts to creditors. This means that if you have credit card payments, ...
Continue reading "What Will Happen to Your Debt After Death?" »
When it comes to planning your future, there are many factors that you do not want to take lightly, and this includes your disability plan. What is this exactly? Your disability plan in essence is how you will give guardianship or conservatorship to another person when you are mentally unable to make decisions for yourself. There are two integral ...
Continue reading "Planning Ahead for Your Disability" »
Estate planning is an act that will protect not only your property and your finances in the event of your death, but it also ensures that your beloved friends and family members receive the inheritance you wish for them to have. Many people often have the question of what will happen if they die and they have still not established a last will and ...
Continue reading "What Happens if I Don't Create a Will Before I Die?" »
Less than half of the states in America collect estate tax or inheritance tax at a state level. Only two states collect both estate tax and inheritance tax at the local level. These two states are Maryland and New Jersey. State laws are constantly changing, but here is a list of the currently listed states that are collecting estate tax or ...
Continue reading "Does Your State have an Estate Tax or Inheritance Tax for 2013?" »
Estate planning is a way for us (single or married) to plan ahead for our future, and make sure that our property, finances and the like are distributed in such a way that meets our requests. If you are considering establishing your estate plan, do not hesitate in contacting a probate and estate planning attorney in your area to guide you through ...
Continue reading "Keeping Your Estate Plan Out of Prying Eyes" »
The Supreme Court is looking at a Virginia law that would override a federal employee's designation of a beneficiary when it comes to federal insurance programs. The case is specific to a man with the initials W.H. and his ex-wife and surviving spouse from his second marriage. According to The Huffington Post, W.H. made his first wife, J.M., ...
Continue reading "Virginia Considers New Law Regarding Federal Insurance Beneficiaries" »
Estate planning is often thought of as something only for the rich and the famous, and that is simply not the case. Whether you have four properties to your name, or you and your spouse are simple living people; estate planning is something that should be done by all adults with any form of assets or property, big or small. Whatever the worth of ...
Continue reading "A Few Tips to Consider About Estate Planning and Your Finances" »
It is still relatively early in the calendar year, but before New Year's Eve is upon us, there are some things that you should do in the area of estate planning. First of all, it is important that you get your estate planning completely done. In order to do this, you will need an attorney to assist you. If you have never created an estate plan, ...
Continue reading "10 Things to Do This Year for Probate" »
Most parents will chose to leave their estate to each child equally, but in some cases a parent may decide to disinherit a unruly, rebellious, or hurtful child in their wills. You have the legal right to disinherit a child by writing this into your own well. If you die intestate, then your disinherited child will still receive a portion of the ...
Continue reading "The Implications of Disinheriting a Child" »
Google is constantly rolling out new products and services for users all throughout the world and one of their newest developments is an estate planning assistance program online. According to Zee News, Google will now let people plan out the future of their digital photos, their documents, and any other virtual possessions that are stored online ...
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As parents, we naturally want what is best for our children. We will take them to doctors regular to make sure they are healthy; we will feed those healthy foods to make them grow and a mix of sweet treats to keep them happy. We will sign them up to play sports or take a dance class, and we will make sure they do their homework on a regular basis; ...
Continue reading "Parental Estate Planning Tips" »
If you are sharing the ownership of your property with a spouse, roommate, or family member, then you may be able to bypass the entire probate process and save your family a lot of money upon your passing. This is because all property that is held in joint tenancy is not a part of the probate process. Instead, the person who shares the tenancy will ...
Continue reading "How Joint Tenancy Changes the Probate Process" »
While the majority of people don't plan ahead for their death, it is safe to say that most of us don't know when we are going to die. Even if you are in the minority of terminally ill people who are given a life expectancy of a couple more months, there are cases in which people survive five more years after hearing these words. In essence, ...
Continue reading "Estate Planning in a Digital World" »
If you are currently creating a will or a trust which will provide for your loved ones after your passing, there are some minute details that you won't want to forget. You will want to make sure that your executor has access to all of the things that you may have kept hidden behind locked doors or digital passwords. You will want to carefully ...
Continue reading "Passwords, Secrets, Codes, and Other Important Information" »
Perhaps you and your spouse years ago established a clear estate plan in the event something was to happen to one or both of you. You decided which children would get what property, and how much money, and what would be set aside for future grandchildren's college funds, etc.; thinking that your marriage would last forever. Unfortunately, like ...
Continue reading "Adjusting Your Estate Plan after a Divorce" »
If you are concerned about the way that you will be treated in the event of an emergency, then it may be worth if to create a POLST which will dictate your care in these situations. POLST stands for Physicians Orders for Life Sustaining Treatment, and has to do with orders concerning emergency care. This is an important form that can be created in ...
Continue reading "All About POLST Forms" »
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