This guide outlines the ins and outs of estate planning, why you need one, what's included in a comprehensive plan, and how to get started.
Trusts are also useful when it comes to probate** as, generally, assets held in a trust sit outside of your estate, allowing your executors to access them without any delay. When making a trust for estate-planning purposes, there are several roles that you need to understand: The settlor...
4. Avoiding Probate:A comprehensive plan covering how you will organize your assets and your estate so that your beneficiaries can have them transferred to them more timely and efficiently and in a way that the process of putting them through probate court will. Preserving Family Harmony: By cle...
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Alternatively, a deceased spouse’s assets can be conveyed in trust for the benefit of the surviving spouse, preserving the estate tax exemption. Beyond that, PPLI also helps you avoid the privacy-invading process of probate entirely. (Although, to be fair, there are plenty of options under ...
Setting up a trust fund can be a critical part of estate planning. You can rest easy knowing that your estate won’t have to go through probate and your assets will go into the right hands, just the way you intend. Common questions about trust funds Expand All Can you open a trust...
Firstly, a tenant’s use can establish an easement but it attaches to the freehold estate. This means a tenant cannot acquire an easement over other land owned by their landlord, as a landlord cannot have rights against themself, and this applies whether or not that other land also has a...
Representing clients and their families in probate court when disputes or complications arise. Overall, this kind of work is about offering practical solutions to deeply personal and emotional issues. The combination of legal knowledge and interpersonal skills makes estate planning a challenging but highl...
Note your state’s estate tax laws. Weigh the value of professional help. Plan to reassess. Seven steps to basic estate planning 1. Create an inventory You may think you don't have enough to justify estate planning, but you might be surprised by the amount of stuff you actually own. Cre...
The personal representative of the deceased has the right to administer the estate. In general, a personal representative is either an executor (with will) or administrator (without will). To settle the outstanding balance in the deceased’s accounts, please contact our Bereavement Team at (852)...