Nov 21, 2018 | Trusts & Probates
Many different assets, whether it be life insurance, an IRA, bank account, etc., allow for a beneficiary to be named. A beneficiary is an individual, or a trust, that will receive this asset upon your death. The beneficiary has no ownership rights during your... Read More
Nov 21, 2018 | Trusts & Probates
It is true that a typical probate administration of an estate takes a little over a year from start to finish. But, if an estate is small, Probate can be done in six (6) weeks or less! This depends upon when the decedent passed, who paid funeral expenses and who are... Read More
Nov 21, 2018 | Estate Planning, Trusts & Probates
When I meet with clients to discuss their estate planning or when counseling a family after the passing of a loved one, the topic of taxes normally arises. Most clients assume that there will be a huge tax bill that needs to be paid, however, many clients are... Read More
Nov 21, 2018 | Estate Planning, Trusts & Probates
Recently, I have received many calls from potential clients who say “I want to add my child’s name to my deed” or “I want to transfer title to my house to my child”. I, without fail, tell these clients that they need to think long and hard before this is done.... Read More
Nov 1, 2016 | Trusts & Probates
The probate process is used to verify a Last Will and Testament and to assure that the estate assets are distributed according to the terms of the Will. Once completed, the estate is closed and probate is complete, but how long does that take? Unfortunately, the... Read More
Jul 24, 2015 | Trusts & Probates
The concept of probate becomes relevant in one of two situations: (1) when a person is incompetent and cannot handle his or her own affairs or (2) upon a person’s death if there are assets being held in his or her name alone. In the event of an incompetency, the local... Read More
