When a person dies without writing a will, it means no one is assigned the responsibility of administering the estate. As a result, there will be delays in giving the estate to the beneficiaries. This also leaves a high possibility of the beneficiaries arguing over the estate. Study shows that over 70 percent of adult…
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Most people advise against allowing the estate of a deceased relative to go to probate. There have been some misconceptions about probate and what it entails, making most people seek ways of bypassing it. Although the probate court offers an experience that is not so fulfilling, it plays an essential role in ensuring the fair…
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Transferring your estate to beneficiaries requires that you do all you can to bypass probate. Although a trust is one of the best ways to achieve this, it is not the only one. Probate is often triggered by four things – deeds, titles, accounts, and registrations. A trust can help to get exempted from tax,…
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Every year, there are millions of money used to clear bills associated with the probate process. This happens after a loved one dies and their estate is taken to a probate court. Avoiding the probate process ensures that the deceased’s estate gets distributed to the designated heirs without incurring a lot of costs. Tidbit: Completely…
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Death doesn’t discriminate – it comes to everyone. However, on average, men die earlier than women. Women live longer than men, though their earnings might not be that much compared to men. Whatever the case, women have special needs when it comes to estate planning. As a lady, when is the last time you sat…
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Building a collection takes years of dedication, time, and genuine passion. Whether your collection is filled with the most stunning renaissance artworks or McDonalds’ Kids Meal toys, creating an estate plan that dictates what happens to these items can ease your mind. Death is Inevitable Everyone dies. Bottom Line. You cannot escape death. Often times,…
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When you read the dailies or listen to news, you will come across instances when a person has contested a will that was written by a deceased person. Of late, there has been an increase in the number of wills being disputed. A death in the family can turn out to be a blessing or…
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The probate process is a safeguard to your estate. If you are departed and there is no one to execute your succession on your behalf, then the probate sees to it that things are done according to your desires. It is a process that is handled by an impartial court so that they can look…
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Up until a few years ago, estate planning was regarded as a general term – with seniors and millenials understanding the concept the same way. Times have changed rapidly. As time goes by and lifestyles change, research has found out that the estate planning needs for millenials are totally different from the needs of other…
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At first glance, estate planning can seem quite simple, but there are many things that one must consider. Many of these topics require re-analyzation as variables change. Follow this list to help clean up your estate plan! When you pass away, the executor of your will can have more than 100 tasks to completely settle…
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