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Probate Tag

Probate & Estate Planning

Everyone Fears It, But Few Know What It Is Typically, people begin estate planning with the intention of avoiding probate. Probate has been given a bad reputation, but there is nothing inherently “bad” about it at all. Probate protects a person’s rights and wishes in the event that they pass intestate, or without a will or trust. With probates, a judge determines the distribution of the deceased’s assets in accordance with state law. Probate can be extremely helpful in cases such as determining a suitable guardian for a minor after the unexpected passing of a parent. What Happens During the Probate Process? The legal procedures...

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Revising Your Estate Plan After Divorce

Divorce can be hard, especially when it involves retirement and Estate Plans. Wills, Trusts, and other Estate Planning documents are rarely on the top of one's mind during the emotional process of divorce.  However, it is critical to take the time to secure and update your Estate Plan to reflect your wishes soon after the divorce proceedings.  Here’s what you should know: 1. Life Insurance Policies After a divorce, it is important to review all beneficiary designations. While some states will automatically terminate a former spouse as a beneficiary, you will want to take the steps necessary to ensure that your beneficiary forms...

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9 Unexpected Estate Planning Problems

When it comes to Estate Planning, it is crucial that you consider the issues that may arise after you have moved on. On top of all of our responsibilities, it may be difficult to set aside enough time to ensure your Estate Plan is in order.  There may be all sorts of unintended consequences and complications when we forget to plan ahead.  In order to avoid these problems, consider these nine unexpected Estate Planning problems to avoid. 1. Probate Court-supervised administration of your estate is never an easy journey.  Despite helpful court personnel, there are still filing fees, privacy issues, and long waiting...

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Probate & Estate Planning

Everyone Fears It, But Few Know What It Is Typically, people begin Estate Planning with the intention of avoiding Probate. Probate has been given a bad reputation, but there is nothing inherently “bad” about it at all. Probate protects a person’s rights and wishes in the event that they pass intestate, or without a Will or Trust. With Probates, a judge determines the distribution of the deceased’s assets in accordance with state law. What Happens During the Probate Process? The legal procedures for a Probate can differ drastically depending on the state, judge, and the size of the estate. In any case, an executor (in...

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