Whereas “residue” might make you think of the nasty bits in your kitchen’s drain, there is nothing distasteful about being appointed the beneficiary of a residual estate. When you are preparing a will or are appointed in a will as one, you are going to need to comprehend the phrase. Estate Planning: Who Receives What?…
Walking into a law firm to start your estate plan—even when it is only a simple will—can be an overwhelming experience. But being aware of what you are getting into can get you ready for the experience. The more you grasp the process, the more at ease you should be regarding planning your estate. The…
Once they create a will, a lot of people are going to place it in a safety deposit box or leave a copy with their attorney and put it to the wayside. Nevertheless, there are at of reasons to go over i and update it and other estate planning documentation. Maybe you’ve found the love…
December is just about here, the holidays are fast approaching, and New Year’s Eve is close at hand. Between holiday shopping, settling end-of-year expenses, or planning for 2023, this could be your busiest time of year, but one thing stays the same all year long: the importance of family. Below is a list of reasons…
Being a parent, you probably find yourself quietly adoring your child’s latest accomplishment—getting a home run, taking on chess, nailing her geometry test, and on and on. But do you spend sufficient time thinking about adore would bring up your child when you were no longer around? Those accomplishments you admire are a team effort,…
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…
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…
A divorce process is never easy nor quick. Addressing your estate plan is one of the top priorities during this difficult time. While the divorce process unfolds, your spouse will have certain rights. Here is a list of 8 things you need to prioritize at this time. 1. Update Your Health Care Proxy Carefully think…
If you are the owner of real estate in more than one state, more than one probate proceeding might be required. Two probates might be required when someone lived in one state but left individually owned real estate in a different one. When that’s the case, there might need to be probate proceedings in each…
When you have a life partner but with no marriage (or domestic or civil partnership) certificate, planning your estate is a requirement. Without one, neither one of you are going to inherit from one another—and neither one of you is going to have a word concerning the other’s end of life medical care. If you…
