You can designate how your assets will be transferred to your heirs and loved ones after you pass through a final will and testament, but what happens if you unexpectedly are unable to manage your own financial affairs due to incapacity or another reason? A will does...
1. What is Probate? Probate is a court-supervised process for transferring ownership of a person's assets after death. This process confirms the person's will and distributes property in accordance with the will. If the decedent died without leaving a will or other...
Most people wait until they have a significant life event, such as marriage or childbirth, before consulting with an attorney. If you are not married, you may be unaware of the significance of estate planning. Your estate plan has two components: what happens to your...
Having a special needs family member requires you to see the world in ways that most others do not. Each family's requirements are unique. Persons with special needs frequently require care for the rest of their lives. Who will take over your role as a caretaker if...
Probate court proceedings are frequently drawn out events. A deceased individual's assets are transferred to the people entitled to inherit them through this process. Probate is frequently costly, arcane, and uncomfortable for surviving family members. Anyone who has...
How many trusts one should have is a question that comes up frequently because it used to be that two trusts were the norm. There’s some history behind this: estate tax laws (tax on the value of what is left) were different, and each spouse had an exemption up to a...
When your adult child has a serious mental health condition, you want to help guide and care for them. However, a child who is no longer a minor must permit you to participate in decisions. You can work to protect your loved one with good communication and proper...
If you’re a new parent, this is a hectic time in your life and estate planning may not be the first thing you think of when you wake up in the morning. However, the peace of mind that comes with knowing your child will be cared for no matter what is well worth talking...
We have all heard horror stories about wealth that passes down from one generation to another and does not pass the test of time. One of the most infamous examples is the fortune of Cornelius Vanderbilt, who would be worth $242.8 billion in today's dollars after...
While everyone should secure their assets, entrepreneurs must go above and beyond to protect their personal and business assets. Every company's future depends on its ability to plan for succession. While many organizations fail to thrive following a leadership...
