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The probate process refers to court proceedings that you have to go through when a loved one passes on, and they have left an asset in their name.
When creating an estate plan, it may be necessary to name a trustee to handle your assets.
Build your own medical emergency packet.
A will itself is a legal document that describes the process of splitting up one’s personal property and possessions among family and loved ones.
The passing of a spouse is a devastating time in a person’s life and one that throws their world into turmoil. While in the midst of grieving, they’re confronted with a multitude of responsibilities requiring their attention — not only the immediate tasks of preparing for memorial services and notifying family and friends, but also beginning to tackle the requisite legal notifications and financial changes.
If you decide to leave assets in a trust for your beneficiaries, consider your designation of trustee carefully. The most important person in the trust framework is the trustee, the one responsible for managing trust assets.
During estate planning, one of the situations that you must plan for is the possible sale of real estate, artwork, and especially operating family businesses. What is sometimes overlooked in planning is what happens after there has been such a sale.
To ensure your estate is settled in the way you want, it’s wise to do a bit of extra planning to keep your documents up to date.
There tends to be a lot of excitement in the air as one approaches retirement. Contemplating how to spend one’s golden years represents the culmination of decades of hard work and the ability to enjoy the fruits of one’s labor. While the enthusiasm is warranted, it’s also crucial to make some important financial planning decisions before the fun begins.
The list of things you need to do after someone dies can seem endless, especially during a time when you are also grieving.
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