There is a lot of questionable information that circulates on the Internet about estate planning, and certain misconceptions can arise. We have noticed that this is especially true when it comes to living trusts. As a response, we have created an informative report to share with you, free of charge. To download your free report, follow this link and complete the brief form that you see off to the right so we can send you access to the information: California Living Trust Report One of the … [Read more...] about Free California Living Trust Report Now Available
You must have a postmortem action plan if you want to make comprehensive preparations for the inevitable. While it is important to position your assets optimally and execute the appropriate estate planning documents, you must also consider the hands-on tasks that must be completed to make your final wishes a reality. When you explain your situation to your attorney, he or she will gain an understanding of your financial position and make recommendations with regard to possible tax efficiency … [Read more...] about Comprehensive Planning Includes Postmortem Action Plan
We always keep an eye on celebrity estate planning cases because you can learn a lot from the successes and failures of others. Along these lines, we recently passed along some news about the estate of the deceased comedic actor Sherman Hemsley. A Philadelphia resident stepped forward to stand in the way of Hemsley's longtime partner Flora Enchinton receiving an inheritance and having the ability to put Hemsley's body to rest. This individual claims to be Hemsley's brother. Enchinton lived … [Read more...] about Probate Court Sets Hemsley Estate Trial Date
Estate planning is one thing, but estate administration is another. Yes, you have to ask yourself how you want your assets distributed after you pass away. Once you know what you want to achieve, the next step is to sit down with a good inheritance planning lawyer to state your wishes in writing in a legally binding manner. However, there are actions that must be taken after you pass away. If you use a last Will as your primary vehicle of asset transfer, you must select an executor to actually … [Read more...] about Create a Clear Cut Path for Executor
If you have not researched the subject, you may think that a Last Will is something that family members handle among themselves after you pass away. The executor that you select reads the Will to the group, and this individual then proceeds to distribute your assets in accordance with your wishes. The truth is that things are not quite this simple. The probate court is involved when you utilize a Last Will to elucidate your final wishes. This court supervises the administration of the estate, … [Read more...] about Why Do Some People Avoid Probate?
While it is important to make sure that your intentions are known via the execution of the appropriate estate planning documents, you must also keep estate administration in mind. Recording your wishes with regard to who gets what is one thing, but you also have to make provisions for administering the estate because things simply do not take care of themselves. After you pass away, the estate must be probated if you use a last will to elucidate your wishes. Someone must take care of the … [Read more...] about Keep Estate Administration In Mind
In a sense, an inheritance can be viewed as a gift that is given posthumously. When you give a gift of any kind that is not postdated, you give the gift in real-time. However, if you do not plan your estate optimally, your loved ones could wind up waiting quite a while to receive their inheritances. And, there can be considerable expenses involved that reduce the amount that they actually do inherit. If you use a last will to direct the transfer of your assets, your estate is going to fall … [Read more...] about Developing A Streamlined Estate Plan
You may have heard about "probate avoidance" and wondered what it is all about. Many people aren't sure what probate is, and therefore aren't sure why someone would want to avoid it. Probate is the legal process of estate administration. When someone passes away, the probate court in the jurisdiction that is local to the deceased examines the Will to determine its validity. If the Will is deemed to be valid, the court will supervise the administration of the estate. The executor or the … [Read more...] about Avoiding Probate Expenses