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Probate is not always as quick as some beneficiaries would like. While some would argue they just need to be patient and be grateful they are receiving anything, some beneficiaries have a lot riding on the completion of the process. For instance, a partner of the...
Grieving individuals may find themselves in a legal dispute following the death of their beloved partner if they do not take proactive steps to protect their shared and separate estates. For many couples, a committed and long-term relationship does not include a legal...
The U.S. has two property systems for married couples, common law, and community property law. In a common law state a married person is a separate individual with separate legal rights to property and separate tax obligations. Common law states are also called...
Were you gifted paper savings bonds as a child? Did you find a box of T-notes you misplaced years ago stored in a safe deposit box? While these paper bonds make for fun memorabilia, their physical form presents challenges in an increasingly digitized society. The US...
Safe deposit boxes are traditionally more secure than home storage. However, you may want to consider whether storing your original estate planning documents and valuables with your local bank is the right choice for you. In most cases, an original will must be filed...
Most people have heard lawyers and financial planners talk about the importance of creating an estate plan. This is particularly true for professionals with young children. Speaking from experience, losing a parent as a child is devastating. That loss is only made...
If you plan to pass down the family wealth to future generations, you should ensure your estate plan documents are aligned with your objectives. Otherwise, the family fortune may not trickle down to your descendants as you had planned. How a trust can help Trusts...
If you are an adult child of an elderly parent, it is essential to talk with them about estate planning. This includes discussing their wishes for end-of-life care and what will happen to their finances and possessions after they die. It can be difficult to broach the...
While estate planning can benefit younger people, it is a necessity for the elderly or those who have been afflicted by an illness. While the elderly or those who are ill can still be fully independent and aware of their surroundings, in some cases, they can be more...
As the executor or personal representative of an estate, you have a lot of responsibility. It is your job to file paperwork with the courts, communicate with parties who have an interest in the estate and settle the affairs of the recently deceased testator. Not only...