Estate Planning
Terms to know before hiring an estate planning attorney
As you age, it’s important to have a strong estate plan to feel secure, knowing that your belongings and family will be cared for after
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Estate Planning
Pros & Cons of Revocable Trust
Estate plans are very different and vary based on the individuals who make them. When making an estate plan, every person is different and so
Estate Planning
How does a probate attorney help in differentiating whether a trust is revocable or not?
What is a revocable trust? Forming trust is a straightforward process. First, you must set specific goals and meet your intended needs with the help
Estate Planning
In estate planning attorney process who has more rights a trustee or a beneficiary?
Let’s now discuss the “rights” of a Trustee, followed by the “rights” of the Trust beneficiaries, and the potential consequences of acting imprudently and losing
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What are the three ways estate planning can benefit a person
An Estate of a person includes everything he owns. From one’s home to vehicles, bank accounts, insurance, financial investments, properties, and other personal belongings. Who’ll
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Who has the power of attorney if there is no will? How can an estate planning lawyer help a person in this case?
What happens in the absence of a will? Even if your loved one hadn’t left a will, their assets still need to pass through the
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Is Estate Planning only for the Wealthy?
When people talk about “Estate Planning” they often think that it is only for the wealthy. We think that most people are living with the
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What does estate planning include?
Creating an estate plan entails deciding who will ultimately inherit your assets if you cannot manage your affairs independently. It also specifies how you want
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What is the most common type of estate planning?
Estate planning is deciding who will get your possessions after your death. With a focus on minimizing taxes, your beneficiaries can keep more of your
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Stepchildren and their rights for a probate
Probate is the judicial process whereby proving a will in a court of law. First, there is acceptance of the choice as a legitimate public
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When Is Probate Estate Administration not necessary?
When someone passes away, probate (assuming they left a will) and estate administration are typically used to wrap up the deceased’s financial affairs. Moreover, in
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What is the purpose of the trust in estate planning?
What is Trust in estate planning? A trust is a fiduciary partnership in which the trustor, or first party, grants the trustee the authority to
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Can a probate attorney override a beneficiary?
Probate is the judicial process whereby a will is “proved” in a court of law and accepted as a valid public document that is the
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Estate Planning for Children
Being parents has always been a tough job. Taking care of your children and making sure that they are safe, has always been the primary
Estate Planning
How a Probate Lawyer Assists With the Estate
Estate attorneys and probate lawyers assist non-lawyer clients in carrying out their duties as executors, personal representatives, or administrators of estates. As they navigate the
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What is a durable power of attorney for advanced health stated by an estate planning lawyer?
What kinds of Durable Power of Attorney Exist per estate planning lawyer? People appoint a durable power of attorney for various reasons, but they typically
Estate Planning
Difference between Estate Planning Lawyer and Probate Lawyer
A probate lawyer’s job is to ensure that any property goes to its rightful heir and avoid any dispute. However, an estate planning lawyer/attorney counsels
Estate Planning
As per an estate planning lawyer can one leave a house to their child?
What is estate planning? Estate planning is creating legal documents to ensure that your assets are distributed according to your wishes. Estate planning can take
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During an estate planning lawyer process can a trustee sell the property without all beneficiaries approving?
A trustee sale is a sale of the interest in the property held by a trust, such as a trust deed, a trusted mortgage, or
Estate Planning
How Estate attorney establish medical power of attorney
Medical Power of Attorney A healthcare proxy or medical power of attorney appoints a person to make medical decisions on your behalf if you become
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Estate Planning for Singles: Widowed, Divorced, and Never Married!
If you haven’t married, or you are divorced and widowed then you might think that estate planning isn’t your cup of tea but it is.
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What types of assets cannot be placed in a trust?
Trusts are legal entities that will assume ownership of or own some assets after a specific triggering event. A trust involves information on how investments
Estate Planning
What are the costs associated with probate?
A probate process helps in the rightful possession of a will. A probate court, which has the legal authority to resolve issues relating to wills
Estate Planning
Everything you need to know about probate
Probate is a process of dispersion of Will through a legal procedure. Moreover, one can refer to probate as the general administration of a decedent’s
Estate Planning
Questions asked before hiring a probate attorney?
Introduction Inheritance may be required. As a result, most people need to consult a probate lawyer at some point. Unfortunately, this cannot be easy. After
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How to distinguish between an experienced and a new Probate lawyer?
What to ask a probate lawyer before choosing them? Selecting a probate lawyer can be a difficult task. The roles and responsibilities of the lawyer
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What are the most important estate planning components?
What Are Estate Planning components? A will, guardianship designations, healthcare powers of attorney, beneficiary designations, durable powers of attorney, and a personal letter of intent
Estate Planning
What is the seven year rule in inheritance tax in estate planning attorney?
An inheritance tax (IHT) is imposed on property that has been gifted or inherited. Even though IHT is charged upon death, it may also be
Estate Planning
How do trusts avoid taxes with the help of an estate planning lawyer?
A living trust is created while the founder is still alive. They can make all sorts of changes before they die. Living trusts are effective
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What is a uniform probate code?
Uniform probate code The National Conference of Commissioners on Uniform State Laws (NCCUSL) drafts the Uniform probate code. NCCUSL tends to govern inheritance as well