September 23, 2022 6:00 PM
September 23, 2022 6:00 PM
Main News
Can I Leave Money to a Charity in My Will?
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You can leave money to a charity in your will to support a specific cause. But it’s important to consider the charity’s purpose and the impact your gift will have. If you want your gift to go towards a specific program, you should contact the charity to request that it...
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What Are Trusts and What Benefits Do They Offer?
A trust is a legal document that allows you to protect your assets while at the same time providing your family with income. There are various types of trusts available, and you should choose the right one for your situation. A revocable trust, for example, allows you to change the...
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Do I Need to Plan For Medicaid Now?
Before you enroll in Medicaid, you should consider which plan would be best for your situation. Different plans have different benefits and may not cover certain expenses. To get a better understanding of which plan will best suit your needs, talk to a representative of your state Medicaid program. You...
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How to Avoid Probate and Keep Your Estate Private
If you’d like to avoid probate and keep your estate private, there are several ways to do so. One option is to create a trust. A trust can be used to outline how you would like your assets to be distributed after your death. This will help avoid probate court...
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Delaware Trusts – Are Trusts Confidential?
If you are planning to create a trust, you probably want the information contained in the trust to remain confidential. It is also important to keep in mind that most states require that trust agreements be recorded with the local government. However, Delaware does not require this. If you plan...
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The Role of a Trust in Estate Planning
While many people think a trust is only for the wealthy, a trust can benefit families of all income levels. It allows family members to avoid handling financial matters that can be complicated and time-consuming. It also allows beneficiaries to create a charitable legacy. Trusts are useful in addition to...
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Does My Spouse Need To Consent To The Sale Of My Property?
The sale of a property without the consent of your spouse is illegal in California. This is due to the fact that a creditor of one spouse cannot place a lien on the property and force the sale without his or her consent. A court will only allow a sale...
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The Gift Tax and Its Filing Requirement
The gift tax is a federal tax imposed on free transfers of property between individuals. It applies to the transfer of money, property, or the income generated by the property. It is calculated at 40% of the amount of the gift, and it applies when the value of the transfer...
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Probate Vs Non-Probate Assets in New York
When a person passes away, the assets in their name go through probate or non-probate. It is a good idea to consult a New York estate lawyer if you aren’t sure. Usually, the executor files the original will in court as proof of the decedent’s death. In addition, non-probate assets...
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Featured Articles ➝
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Estate Planning After a Car Accident
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How Do Accident Settlements Affect Your Estate Planning?
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What Happens If You Die Without a Will?
If you die without a will, your property will be divided according to state intestacy laws. If you have married someone and have children, you would leave all your assets to your surviving spouse. In a separate property state, the children will inherit half of the estate and the surviving...
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Can a Beneficiary of an Estate Also Act as the Executor?
If you’re a beneficiary of an estate, you should consider appointing a separate executor, preferably someone who is not also a family member or best friend. This can be a difficult decision for beneficiaries, as they will likely want to be certain of what happens to their inheritance. Aside from...
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Can I Disinherit My Spouse From My Estate?
In a community property state like California, you can legally disinherit your spouse from your estate. If you disinherit your spouse from your estate, he or she cannot contest the will. However, it is possible for you to agree to leave less than you agreed, or he or she can...
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What Does Incapacitated Mean?
What Does Incapacitated Mean? means that someone is no longer able to make decisions for their own health and well-being. Incapacity may be due to a mental illness, a physical illness, advanced age, or a long history of drug or alcohol use. The following are some definitions of incapacitated. These...
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What Are the Duties of an Administrator / Executor?
As an estate administrator, you will need to find all of the deceased individual’s assets and keep track of their whereabouts until you can distribute them to the heirs. You may have to pay taxes on any income you earn off the assets, so it’s important to keep them in...
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Will Money Go Into the Special Needs Trust For My Child While I Am Alive?
You will want to consider what kind of Special Needs Trust you want to create. A pooled trust is an example of such a trust. In most states, a nonprofit organization operates the pooled trust and collects gifts from many different beneficiaries. A trustee then invests and spends the funds...