Trusts are one of the main tools used by estate planning attorneys. Setting up a trust can help ensure that your assets go to your loved ones as efficiently as possible, and in a way that makes sense given the specific situation of the grantor and the beneficiary....
Locating the assets and debts of an estate is one of the largest undertakings in the probate process. It can be quite challenging to track down all of the assets a decedent possessed, and it can be even more challenging to figure out all of the debts that the deceased...
When an individual dies, typically, at least some of the property that individual owned will be subject to probate. This means that the property must go through a formal probate process to be distributed according to the individual’s will. Even if the individual did...
There are a lot of misconceptions about what happens if you die without a Will. Many people think the state will take your property. While this can and does happen in rare instances, the state has a system for passing your assets to your next-of-kin. This system is...
An increasingly popular way of handling probate issues is to create a living trust. A living trust helps bypass probate proceedings in court and can also help mitigate tax liability. There are two types of living trusts: revocable and irrevocable. A revocable trust...
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