What Are Estate Planning components? A will, guardianship designations, healthcare powers of attorney, beneficiary designations, durable powers of attorney, and a personal letter of intent
Think about how helpless it would feel to be unable to make your own decisions, especially if you didn’t prepare for the worst-case scenario. In
Estate Planning is something that we often ignore because we don’t find it necessary. There is even, a survey which says that only 4 out
There are several questions to consider when writing a will. It would not be easy to anticipate every inquiry an estate planning lawyer needs to
Medical Power of Attorney A healthcare proxy or medical power of attorney appoints a person to make medical decisions on your behalf if you become
Most people after hearing the term estate planning think that it is just for the wealthy. People with a huge amount of money are the
The term ‘estate’ accounts for an individual’s personal and financial belongings. Moreover, they ensure that everything happens as they wish in a legal and structurally
There is a common perception that estate planning only includes a will or a trust in someone’s or some organization’s name. But it is not
Introduction Inheritance may be required. As a result, most people need to consult a probate lawyer at some point. Unfortunately, this cannot be easy. After
Introduction An estate planning attorney is a lawyer who practices in all areas of estate planning—their ability to craft thorough estate plans that will best
The majority of estate planning errors typically fit into one of several categories. Every estate plan has different aspects, but the same issues and mistakes
A trust might be challenged for many of the same reasons as a will, such as a lack of testamentary ability, improper influence, or required
Introduction You have an estate; did you know that? Everyone possesses one. According to the definition, an estate is everything you own, including all of
The legal procedure that follows a decedent’s death is referred to as probate. It establishes the distribution of the decedent’s estate. However, the probate inventory
One of the leading estate planning strategies to secure your family’s future after your passing is to get life insurance within a trust. Your life
What is an estate planning attorney? Estate planning attorneys are those attorneys who have expertise in estate planning and have a brief understanding of both
What is Probate Probation is both legal as well as a financial process. This probation process occurs when someone dies and leaves their asset and
Nobody enjoys contemplating their demise. There are more than enough things to be concerned about without worrying. We wouldn’t have to worry about what would
As the name suggests estate planning is basically a plan to deal with your estate. Estate planning is an essential tool to manage your assets
Although the beneficiary designation is a crucial step in estate planning, it is handled separately from your actual estate plan. Additionally, if the provisions in
Uniform Probate Code There is a set of probate codes of laws on all issues related to the Will and estates. The code, created to
Understanding the probate lawyer: A probate lawyer is a state-licensed attorney who works with the executors and the beneficiaries of an estate to settle the
Do you want to know whether you will have to undergo Probate now that your loved one has passed and leaves a last will and
There is no life expiration of the valid wills. But then, what happens when the probate attorney discovers the Will after the probate? Then, the
It is important to note that the beneficiary of the trust may not be happy with the money withdrawn from the trust account, and do
What kinds of Durable Power of Attorney Exist per estate planning lawyer? People appoint a durable power of attorney for various reasons, but they typically
What is a Probate? The Latin verb “probate” means to test or scrutinize, while the English word “probate” implies “to prove.” The executor of the
Most people are aware of the need to use a will to leave property to their loved ones after death. You may believe that having
As you age, it’s important to have a strong estate plan to feel secure, knowing that your belongings and family will be cared for after
A person’s estate comprises all their belongings and assets, such as real estate, buildings, gold, stocks, mutual fund investments, life insurance policies, money, bank accounts,
