One of the hardest things in life is to be able to plan for any situation. Our lives are mostly in order, but there is always that possibility that we might not have time to arrange things and decide once we are gone. Find out what the law says about the importance of a living will and how it can help you leave your estate to your loved ones after you die and keep them from dealing with legal issues. Read more...
Your family and loved ones are much more important than your money, yet you want to avoid leaving them in debt. If you have purchased assets (such as a home) using borrowed funds, the debt will continue to exist even after your death. Creditors and debt collectors may attempt to collect from you before they know your circumstances. To see how preparing for the future may prepare you for a smoother transition and more peace of mind, continue reading...
Wills are essential to estate planning, but how can you determine whether it makes sense to draft one online? The answer is dependent on numerous factors. In general, if you want a will that's legally legitimate in your state and free of errors, you should consult an attorney. However, online wills may be viable if you don't mind certain constraints or potential complications down the road. To assist you in making this decision, read more here...
It can be difficult for anyone to decide where to lay their loved ones to rest. There’s a lot to consider between cost, location, and style of interment – so much that you might end up putting off the decision. This is a big decision that shouldn’t need putting off. So how do you combat the fear? Well, one option you could try is having a green funeral. In this article, we’ll discuss what it means and explore six different options for environmentally friendly services. Learn more here..
One of the most frequent inquiries we receive is regarding the function of trusts in reducing tax obligations. We're here to inform you of the tax implications connected with various forms of trusts, given the demand for knowledge about the importance of trusts on taxes. If you want to understand how taxes, trusts, and estate planning interact, this article is for you. More information is available by clicking the link.
Estate planning is a continuous activity, not a one-time event. You probably already know how vital it is to make an estate plan, but you might not realize how crucial it is to keep that plan up to date. If you want your plan to succeed and keep your family out of court and out of conflict, you need to update it immediately in response to frequent life occurrences. No matter who you are, your life will change: families change, assets change, laws change, and ambitions change. This article will o
It is never easy to think of your passing, even harder considering that even death has a price. The average funeral cost is between $7,000 and $12,000, rising yearly. Yes! You made a bequest in your will to pay for funeral expenses. However, the money is not readily accessible because of the probate court procedure. Imagine your loved ones experiencing both grief and financial hardships. The best course of action is through us, your Personal Family Lawyer®. Allow me to demonstrate the five most.
If you die without a will or with doubt about your will, your family will almost certainly wind up in court and fighting. With so much uncertainty surrounding Anne Heche's case, it's possible that the late actress didn't have any trust in place as well. Her lack of planning caused various issues for her loved ones. Keeping these in mind, we'll go over Heche's estate planning blunders and how to prevent them so that your loved ones never have to face a similar circumstance.
One of your primary goals is to keep your family out of court and out of conflict no matter what happens to you. Yet, as you can see, if your family has to go through probate, your estate plan falls woefully short of that goal, leaving your loved ones most stuck in an unnecessary, expensive, time-consuming, and public court process. By having a comprehensive estate plan, you can help your loved ones avoid probate altogether or at least make the process extremely simple for them.
Wills and trusts are two of the most commonly used estate planning documents. Both documents are legal vehicles designed to distribute your assets to your loved ones upon your death, but the way in which they work is quite different. To know the best way to determine whether or not your estate plan should include a will, living trust, or some combination of the two, meet a Personal Family Lawyer for a Family Wealth Planning Session.