During the process of planning your future, both financially and medically, you may wonder what the difference between estate planning and elder law is. Estate planning and elder law also have some similarities. Even though these two types of law are for different stages in life, they are often handled at the same time. This […]
The estate administration process involves managing a deceased person’s assets and distributing them to their beneficiaries. This process typically includes identifying and inventorying the decedent’s assets, paying debts and taxes, and distributing any remaining assets to the beneficiaries named in the decedent’s will. Without a valid will, actions are taken to comply with state intestacy […]
A proper estate plan can mitigate unwanted risks by anticipating what might occur and preventing problems before they arise, which can reduce the complexity, length, and expense of probate. Sound estate planning can make the probate process run efficiently and smoothly, protecting your estate’s value and legacy, and preserving your family’s well-being. Probate includes: Avoiding […]
A Living will is also called an advance health care directive. It specifies what decisions you want medical professionals to make if you are incapable of making them due to accidents or illness. A living will is crucial for all adults because accidents or a sudden onset of severe or terminal illness can happen at […]
Trusts set up for loved ones with disabilities are typically supervised by the grantor (the individual who creates and funds the trust). However, it is crucial to choose a successor trustee who will continue properly managing the SNT to benefit the individual with special needs. When selecting a reliable, honest, and capable successor trustee, there […]
In addition to guardianships and conservatorships, will contests, real estate disputes, and litigation over the true intentions of gifts, probate litigation may include guardianship disputes and conservatorship disputes. The most successful approach to mitigating or avoiding probate litigation risk is carefully planning for the future. Comprehensive estate plans that are routinely updated, careful consideration and […]