Complex probate processes can be costly and take years to finalize, which is why many individuals retain an estate planning attorney to minimize probate proceedings.
Category Archives: Assets
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Feb
Feb
Elder law lawyers may also focus on representing individuals with special needs and their families throughout the process, including attending hearings and communicating with the court. Navigating the legal process can be complex and vary by state. An elder law, disability, or special needs attorney will take all necessary steps and meet all deadlines throughout the legal process.
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Feb
Feb
Aaron Carter failed to achieve the stardom of his older brother Nick. Nevertheless, he succeeded as a performer in his own right. He opened for the Backstreet Boys at age nine.
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Feb
Feb
Do you still own the same property or have the same account balances as when your plan was first created? What will the balances be like at your death?
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Jan
Jan
Unlike a will, a trust will help keep your estate from going through an expensive, time-consuming, and public probate process. If you set up a trust, with trustees, you still create a will, but it becomes a pour-over will, which moves (pours) your assets into your trust.
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Dec
Dec
The probate process is generally efficient in smaller estates but can become lengthy and complex in larger ones. States have varying probate codes, and many have informal and formal processes.
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Nov
Nov
When creating a trust, you can include specific provisions in your trust agreement that will either encourage or discourage certain kinds of behavior.
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Oct
Oct
surprised young business woman looking through binoculars on yellow background.
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Sep
Sep
The news that you will be receiving an inheritance is often bittersweet. Sadly, it means that somebody close to you died. However, you might also have mixed emotions about your inheritance for reasons that have to do with the actual accounts or inherited property.
02
Sep
Sep
An annual itemized deduction is available for payment of state and local property, income, and sales taxes. This deduction cannot exceed $10,000, however.