Most healthy, young, and middle age parents never consider the possibility of not being able to care for their minor children. As a result, they fail to create a valid estate plan to appoint a guardian should they become unable to do so. Without a will, the court will appoint a guardian.
Often times it is believed that unless a person has accumulated massive wealth, he doesn’t have an estate and therefore, doesn’t need an estate plan. However, with few exceptions, most American adults have an estate. If you have dependents, own a car, real estate, bank accounts, …
As fans across the globe mourn her death and prepare to pay their final R-E-S-P-E-C-T to the late Aretha Franklin, creditors and predators are likely preparing to claim their share of her estate worth an estimated 80 million dollars.
It is often said that one’s failure to plan is his plan to fail, yet the majority of Americans fail to plan for the protection of the people and things they love most. According to the AARP, 60% of American adults don’t have a basic estate plan. Accepting the fact that one day you’re …
One of the biggest myths regarding estate planning is the fact that many believe that because they don’t live in a mansion, drive a luxury vehicle, or their net worth isn’t seven figures, they don’t have an estate. They mistakenly believe that they don’t have an estate and therefore, don’t need an estate plan.
Generally, the decedent’s debts are paid from the estate. The estate consists of non-probate and probate assets. Non-probate assets are transferred directly to the named beneficiary upon the grantor’s death. Non-probate assets may include but are not limited to, benefits from life insurance policies, joint accounts, retirement plans, assets in a revocable trust and property […]
