Most estate planning lawyers will tell you the one opening line they hear most often is, “I'm not even sure I need to have a will.” To that end, we explain that a will covers far more than one's finances. There's a lot at stake and ensuring your wishes are met and your loved ones are seen to in the event of your death is what a will is really about. A properly defined estate plan will legally protect and then distribute your property based on your wishes. If for no other reason, you should … [Read more...] about The Role of a Will in Your Estate Planning Efforts
Estate planning involves more than just the distribution of financial assets, and a lot of young people may not take that into consideration. The topic of health care has been in the news a lot during the last few years, and there was considerable debate recently concerning what life-extending procedures may or may not be allowed under proposed legislation. The fact is that each one of us has the ability to state our personal preferences concerning what medical procedures we would approve and of … [Read more...] about Young Adults And Estate Planning
You hear a lot of talk about avoiding probate, and people who are first delving into the subject of estate planning invariably wonder what it is and why one would want to avoid it. Simply put, probate is the legal process of estate administration during which any claims against the estate are settled and the wishes of the deceased are carried out if they left a will. If they died intestate or without a will, the probate or surrogate court would oversee distribution of assets in accordance with … [Read more...] about Pay On Death Accounts For Probate Avoidance
The term "probate" is something that you will be barraged with when you begin to look into the topic of estate planning, and by definition probate is the legal process that an estate generally passes through before it is formally closed. So probate lawyers are elder law experts who have an advanced understanding of probate and surrogate court procedures. They represent the interests of their clients as their respective estates go through probate. But this is only a small portion of the overall … [Read more...] about What Can A Probate Lawyer Do For You?