Wealth transfer can be protected from excessive taxation by applying tax avoidance principles. Still, it requires careful planning and oversight to ensure techniques don’t cross the line to tax evasion. Assessing tax options can determine the best way to conduct…
A trust is not only a tool for the wealthy. In addition to serving many functions, they solve specific problems relating to the dynamics of families that have little to do with wealth. Do you want to keep your affairs…
It may be necessary for you to act as a power of attorney for a family member or a friend. Your person may be planning for when they might become unable to take care of their affairs. For example, they…
A probate court validates a will and ensures an executor manages the decedent’s assets and debts in accordance with the law and the decedent’s wishes. To begin probate, a personal representative or executor must file with the county court where…
The rivalry between siblings. In most families, it’s unavoidable. Depending on your particular family members and the dynamic between them, old rivalries from the past can become more significant when a parent passes. Adult children who are emotionally upset and…
What happens if your loved one dies intestate (without a will)? According to your state’s intestacy laws, a probate court will oversee the distribution process of the decedent’s property. Also known as intestate succession, it has similarities to the probate…
Probate sounds expensive and complicated, but it is simply a standard legal procedure formalizing how assets pass from a deceased person’s estate to their chosen beneficiaries or heirs. Whether or not you require probate depends on the type of property…
In addition to marrying seven women, legendary talk-show host, Larry King had five children with several of them. He died at age 87 on January 23, 2021, after contracting Covid and then succumbing to an infection. Immediately after his death,…
Probate is a legal process that takes place after someone passes away and is conducted in probate court. Unfortunately, fewer people know that it can be a long and complicated process. It can sometimes take months, or even years, to…
This is a question we hear often. Learn what type of trust suits your specific situation and whether you need one. For example, maybe you have a disabled child and you want a trust to permit that child to inherit…