Estate planning is a crucial endeavor that allows individuals to safeguard their assets, protect their loved ones, and ensure their wishes are honored when they are no longer around. In this pursuit, two prominent legal instruments often come into play:…
When wills are drafted, they will address who receives your assets and properties after your death only if they are properly filled out. Your will names a personal representative (executor) who will carry out your directives. In addition to asset distribution,…
Estate planning is regarded as essential by most older adults. Despite this, nearly half of Americans age 55 or older do not have a will or designated powers of attorney, while fewer still have living wills or advance directives. Providing…
Grieving the death of a spouse is an emotionally, spiritually, and financially difficult experience. One spouse often handles family taxes and estate planning, and the widow(er) may have a complex financial situation that leaves her with more questions than answers.…
When planning for growing old, one way we can be sure what happens to our property is laying out a will and appointing an executor. The executor will delegate who will receive the property and will oversee settling the estate.…
With the pandemic weighing heavy on most of our minds, it’s hard to plan for the future. Especially when it comes to Estate Planning. On February 11, 2020, the World Health Organization (WHO) gave name to the disease-causing the 2019…
Are you familiar with the probate process? As a fundamental definition, probate court is the legal process of validating a person's will and ensuring an executor handles the decedent's assets, debts, and final tax filings by law and according to…
The number of Americans with a will has had a minimal increase of only 2.5 percent over the past year, according to a Caring.com wills survey. Overall, the percentage of those with a will continues to decline, 33 percent in…
What is a Will? A will is a legally binding directive stating who will receive your property upon your death and is an important part of a comprehensive estate plan. If you die without one (intestate), the state will distribute…
After an asset-holder dies, the court will appoint a valid will's executor to administer the probate process. Probate is the legal process for authenticating a deceased person's will, reviewing their assets, paying their outstanding debts and taxes, and distributing what…