
What Does ‘Community Property’ Mean?
You may have heard the term “community property.” However, do you know exactly what it means or how it could affect you?

You may have heard the term “community property.” However, do you know exactly what it means or how it could affect you?

There are good reasons why people want their estates to avoid probate, and a lot of ways to do it.

While the number of older Americans with wills has been dropping in recent years, that doesn’t mean you should forego this legal document.

The first step in getting your affairs in order is to gather up all your important personal, financial and legal information, so you can arrange it in a format that will benefit you now and your loved ones later.

It’s an important task that is easy to procrastinate. However, here is why you shouldn’t:

A discretionary trust is a type of trust that can be established on behalf of one or more beneficiaries.

If a loved one asks you to be the executor of their estate, think carefully before you take on this responsibility. While you have the option of declining the request, the person reaching out likely considers you to be responsible and detail oriented. An executor of an estate typically helps file paperwork, close accounts and distribute the assets of the deceased.

Like DMX and Prince, many Black Americans have failed to participate in the estate planning process.