When someone dies the estate of the decedent is generally required to pass through the legal process known as probate. You may have heard that many people choose to include probate avoidance techniques when they create their estate plan, making you wonder “ what are the drawbacks of probate? ” By understanding the probate process better you should have a better idea why you too may wish to include probate avoidance strategies in your estate plan. When you die, everything you own and in which … [Read more...] about What Are the Drawbacks of Probate?
As an adult child, one of the most difficult decisions you will ever have to make is the decision to seek guardianship over one, or both, of your parents. For most people, the thought of seeking guardianship feels in some way like a betrayal, as if you are taking away your parent’s freedom and independence. These feelings are very common and completely understandable; however, failing to step in and become your parent’s guardian could lead to physical injury or financial victimization. So the … [Read more...] about How Do I Know When My Parent Needs a Guardian?
There is nothing more frustrating for us, as humans, to not be able to grasp a concept or understand what we’re reading. When it comes to legal terminology, as estate planning attorneys, we usually don’t hear from a client until they’re ready to hurl the paperwork out of a fast moving train. And that’s OK – that’s what we’re here for and it’s our job, as legal professionals, to eliminate the confusion. That said, one of the most frustrating aspects of the law sector as a whole is the end of … [Read more...] about Funding, Retitling and Other Confusing Estate Planning Terms