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Probate and Estate Administration Archives

Learn about estate planning from the rich and famous

In estate planning, the possibilities for making mistakes are many. One thing that estate planning attorney enjoy doing is reviewing the mistakes made  in estate planning so as to better avoid those mistakes in the future. As with divorce cases, us regular people can learn a lot by looking at the mistakes of famous celebrities. As well, one can learn from what they did well.

Avoiding disputes over tangible personal property

As is well known, the death of a loved one tends to bring families closer together or to tear them apart. In some cases, maybe a little of both. Families find many things to fight about when a parent or loved one dies. Understandably, the fighting is often not only about a specific asset, but about what that asset represents. Personal items that belonged to the loved one can bear a lot of sentimental value and therefore can become the center of bitter family disputes.

E-mail accounts and estate planning

Our readers may have heard the buzz about digital assets in estate planning. The idea is pretty simple: because more and more people are dying with significant digital assets to their name, more people need to be thinking about how their digital assets will be disposed after their death and taking the necessary steps.

No heirs or will prove troubling in millionaire's death

When an individual dies without a will they are said to die "intestate". As such, according to state laws, their assets are to be valued and distributed through a process known as probate. Many individuals take steps to avoid probate as it can be lengthy and expensive. What's more, information pertaining to an estate that has gone through probate becomes public record.

Tips to avoid the probate process

When an individual dies, the terms of their will help dictate what happens to named personal belongings and assets. Probate is the process by which state law helps to manage, settle and distribute assets according to the terms laid out in a will. While probate is often a necessary and even helpful process, in some cases it can also be a lengthy one. There are, however, several ways an individual can pass along wealth and avoid the probate process.

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