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Do Heirs Have to Pay Debts from an Estate?

May 31, 2023

First, debts in a person’s estate are payable from the decedent’s assets in the course of administering their probate estate or administering their living trust estate.

Estate Planning

Will In-Laws Inherit If I Don’t Have a Will?

May 29, 2023

When someone passes away, whether unexpectedly or not, it can raise questions about who will inherit what. Specifically, you might be wondering whether in-laws have a right to any of the assets of the deceased person.

Estate Planning

Use Estate Planning to Prepare for Cognitive Decline

May 26, 2023

Data from sources like the U.S. Census Bureau shows in no uncertain terms that the U.S. population has grown older over the prior two decades.

Estate Planning

What Do I Do If I’ve Lost an Important Document?

May 24, 2023

The word ‘paperwork’ has become an anachronism; most legal and business documents today are created, signed and stored digitally. However, a few actual pieces of paper remain vitally important to keep.

Estate Planning

Singles Need Estate Planning to Protect During Lifetime

May 22, 2023

You’re single, and you don’t have an estate plan or even a will. Perhaps you think you don’t need either because you’re not wealthy and don’t have children.

Estate Planning

Maximizing Benefits with Life Estate

May 19, 2023

A life estate is a type of property ownership or tenancy that grants an individual the right to use and enjoy a property for the remainder or their life. It gives an ownership interest to someone else.

Estate Planning

Estate Planning Requires Clear Direct Language, or Does It?

May 17, 2023

Contrary to what you might expect, using precatory language such as ‘I wish’ or ‘I hope’ can play an important part in three estate planning objectives.

Estate Planning

Protecting Assets with a Trust vs. Limited Liability Company

May 15, 2023

To protect assets effectively, you have to store them in the right legal entity. However, that can depend on whether you’re looking to protect business assets, avoid estate taxes, or protect personal assets from legal liability while running a business.

Estate Planning

Older Singles Can Plan to Protect Themselves

May 12, 2023

Aging solo is about those individuals who are widowed or not married, live alone and have no family or none they can count on. They are going through the last years of their lives on their own. It can be just fine until one’s health declines and the usual activities and access to friends get out of reach.

Estate Planning

How a Special Needs Trust (SNT) Protects Loved Ones

May 10, 2023

While it may not seem necessary when a special needs child is young, setting up a trust to ensure their financial stability is better to be done sooner rather than later.

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