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Facing the complexities of probate can be daunting, especially when learning about the process’s potential setbacks. Understanding common pitfalls is crucial to ensure a smooth process. Here are five common probate errors to avoid: Failure to file will in a timely...
An advanced health care directive lets you spell out your health care wishes. For example, if you would like a particular doctor to treat you. If you will only accept a blood transfusion from family members. Or do not want to be kept alive artificially. If you have...
Planning your estate is an important part of one’s financial well-being, and it can help to ensure the fair and desired distribution of your assets after your passing. One of the ways that you can help to ensure that your assets are protected and managed according to...
We mentioned in a previous post that not many people have made an estate plan. Only 33% of adults in the country have put one in place. Let’s now look at why that is. Or, more specifically, what those interviewed for the survey that produced these figures gave as...
Just because you agreed to execute someone’s estate does not mean you ever expected to have to do it. Perhaps you thought you would die long before they did. Or maybe you were too afraid to say no for fear of disappointing them. Now that the person has died, you can...
If you are in your twenties or thirties, making an estate plan might be something you have never even considered. Or perhaps you know you will need one but figure that you have years to worry about making it. While most people’s estate plans only come into play when...
Revocable trusts have certain advantages over irrevocable ones, such as avoiding probate. They also have specific disadvantages, such as reduced control. It’s all about deciding what is best for your particular needs. If you opt to create a revocable trust, you need...
If you have just had a child, the last place you want to be is sitting in an attorney’s office, poring over paperwork. You want to be by your child’s side, watching for their reactions or holding them in your arms and telling them how much you love them. However, the...
When an executor is dealing with the estate of a deceased person, it is not uncommon for disputes with beneficiaries to arise. These situations usually happen since estate administration is a sensitive time for everyone and emotions can run high. Nonetheless,...
Most people understand the importance of creating an estate plan to better ensure that their wishes are honored when they die. Therefore, it may be surprising that an estimated 67% of the adult United States population doesn’t have one in place. Many people may...