Monthly Archives: May 2024
Creditor Claims In Probate: The Basics
One of the goals of good estate planning is to avoid the probate process. But sometimes probate is necessary, and when it is, don’t be surprised if creditors come knocking, asking for their share of whatever was supposed to be inherited by the deceased’s beneficiaries. Secured Creditors One thing to keep in mind is… Read More »
Fairness And Equality: A Pot Trust Can Help With Both
If you have children, or a group of people that you want to plan for in your estate plan, you probably think of leaving your assets to each one individually. But you can also put all of your assets in one place, for all of them. This is called a pot trust, and it… Read More »
Keep Relatives From Fighting Over Your Estate Plan
One of the main goals in creating an estate plan, is to create a plan that minimizes or hopefully eliminates completely, the risk of fighting between your relatives and beneficiaries when you are gone. Contesting wills and trusts between relatives who feel they did not receive what they should have, does happen. But there… Read More »
Study Shows We’re Not Doing So Well At Getting Our Estate Plans Done
By now it should come as no surprise: estate planning is important. And we live in an age of social media, where messages like that one, can get out to the general public. But despite all the ways information gets out, you may be surprised to learn that when it comes to estate planning,… Read More »