You may not give much thought to the subject of probate since it has to do with your will and the disposition of assets following your death, However, knowing which of your assets are likely headed to probate and which are not will help clarify your thoughts about...
Perhaps you find yourself in the role of a personal representative, responsible for settling the estate of a loved one following his death. The estate is large and there is a lot of work ahead. The prospect is intimidating, but you want to do well. Here are five tips...
A business plan may have one of two objectives: to attract investors or to set guidelines for a team to follow. Many business plans address both targets. If you are about to launch a new venture, you want a business plan that puts your company and its goals in the...
You may know how important it is to have a will, but sometimes, you want to accomplish certain things during estate planning that a will is unable to do. A trust is a type of estate planning tool that involves you relinquishing control over the assets inside of it to...
When you purchase a new home, you want to make sure that you maintain your ownership rights to that property. Every year, many people purchase homes and protect their investments with title insurance. According to the National Association of REALTORS®, in 2020, people...
If you have children who have disabilities, you may worry about their abilities to find work and support themselves as adults. Using your estate plan to provide for the future well-being of your kids is a noble goal. Still, if you gift money directly to your children,...
Protecting your personal assets from creditors and others is one of the more valuable reasons to form a limited liability company. Still, an LLC's protections are not invincible. If a court pierces your LLC's corporate veil, your personal assets may be in jeopardy....
Seniors with adult children are not the only people who need to think about estate planning. As soon as parents welcome children into the world, they should do everything that you can to give them the best possible future. The steps that you take early on to provide...
When you decide you are ready to purchase a home, you more than likely a little overwhelmed by the process. Yes, the house shopping is fun, but putting in an offer, negotiating the sale and the closing process often are taxing. You likely are unfamiliar with a lot of...
Probate is the legal process of distributing a person’s estate after their death. Many stages are involved, including paying final taxes and other debts before distributing the remainder to heirs. The first step is determining whether the decedent had a will or...