Legal Articles, Wills & Probate
Why You Should Not Put Property In Your Child's Name As Part Of An Estate Plan
A good portion of parents with children eventually want to pass on the property they own to their children. Some might think that it is a good idea to put their real estate, home, property, or land in the name of their children while they are still alive.
Who Should Be The Personal Representative Or Executor If You Have No Family Or Friends You Can Trust
When you make a will one of the most important and difficult decisions you will make is who to name as personal representative or executor. This is the person who is in charge of your estate when you die and will have to tie up loose ends, pay debts, and distribute everything according to your will.
Planning A Funeral As Part Of Your Estate Plan
Planning for your funeral is an important aspect of having a complete estate plan. One of the goals for any estate plan should be to make everything as easy as possible for your loved ones once you pass on.
What a Personal Property Memorandum Can Do for your Estate Plan
When you make a will as part of your estate plan there is a portion that is reserved for specific bequests or items that you want to give to a person. Instead of listing all of your personal property one by one in your will there is a manner that will allow you to give items away.
Six Claims You Should Be Wary of Regarding Living Trusts
Clients should enter the estate planning arena with as much information as possible, and not from a point of view of fear. Here are six claims to be wary of regarding living trusts.
ESTATE PLANNING with EX WIFES and STEPKIDS
Drafting an Estate Plan with blended families is even more difficult in the down economy. Real Estate wealth is gone, people live longer and parents are subject to financial and phsyical abuse by those who are supposed to take care of them.
ESTATE AND GIFT TAX UPDATE 2013
Now that the cloud of uncertainty over estate and gift taxes has finally cleared, individuals and couples can get down to some serious planning.
If You Have a Revocable Living Trust, Do Not Forget to Fund it
If you have gone to the trouble of having a revocable living trust set up, it needs to be funded by placing your probate assets into it. Care should, however, be taken with certain pension and annuity type assets.
MAKE YOUR OWN FUNERAL DECISIONS
Individuals who fail to inform their family members as to what type of funeral or burial they desire will have someone make that decision for them.
Joint Tenancy Deed Avoids Probate and Saves Money
The joint tenancy deed is one of the best tools to transfer real estate between spouses, partners and heirs. Its principal characteristic and its advantage over holding title as a tenant in common, is that a joint tenancy deed transfers title immediately upon the death.