To do the best feasible job when preparing your estate plan, an estate planning lawyer is going to require information about you, the assets you have, and more importantly, your estate planning objectives. Collecting as much information as possible prior to your initial meeting is going to expedite the process. It’s particularly important to understand…
It is significantly important to keep your will up to date. As your life changes, so do your possible beneficiaries and heirs. When you don’t keep your last will and testament up to date, it might not express your wishes given your new situation. The below are good situations where upon changing your will might…
Do I Need a Lawyer for a Will? Wills are a part of an estate plan that assists your money, belongings, and property legally pass to your loved ones. The process of devising a legally-binding is going to involve many areas of law, below are some: Real estate law (the knowledge of if your house…
When a family member passes away, the last thing grieving relatives need are calls from lenders and collection agencies. There are a lot of federal and state laws forbidding abusive, unjust, or deceptive debt collection methods. These laws safeguard borrowers while still living and relatives following a loved one passing away. This post provides answers…
Absolutely. Although executors commonly are not responsible for the debts of the estate they oversee, there are at least two instances in which they can open themselves up to personal accountability. The first one is if they fail to correctly and timely pay a creditor that has a claim against an estate has precedence. When…
In a will, as with a lot of legal documents, the required signatures make a big difference. Your signature is the indicative mark declaring to the world when you pass away that the instructions contained in your final document are undoubtedly your “last will and testament.” It is a vital part of a valid will…
It is feasible to sue a will throughout the probate process, but not everybody can sue to challenge a will. As an example, you can’t challenge your cousin’s will simply because you think his estate would be better-off in the possession of another family member. You also can’t challenge a will simply because you don’t…
When a loved one passes away, especially following a lengthy illness, relatives often worry about managing debts following their passing. Are they going to be responsible for paying any of their debts? Are there enough funds in their financial institution to cover those debts? Or will the debts be reprieved following death? This post discusses…
When you pass away and your will is approved for probate, your executor takes on your role in which they can carry out all the legal duties you’ve done in the past. This comprises of selling your property, paying-off creditors, bringing legal actions, examining medical records, and allocating your assets to others. Obviously, serving as…
Planning for our own funeral means facing our own humanity. For many, this might cause reflection, reminiscence, and even some blurred discomfort. For others, it might be just another responsibility of life. However, making plans for end-of-life includes several realistic issues. How are you going to like your remains handled after you pass away? Who…
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