Every state has its probate laws for the estate settlement process. The states should follow some common features of probate law provided by the country. UPC sets such a common guideline for the state, which they have to adapt accordingly to their needs. What Is Probate? A probate process is a particular type of…
In the articles section you can find blogs that discuss all areas of Estate Planning. By going to the articles section and reading some of the blogs you are able to better educate yourself on the different products and concepts of estate planning.
Estate Planning includes:
- Planning for pass through of assets upon death,
- Planning for minors (Setting up guardianship designations or special needs trusts),
- Utilizing tax mitigation strategies (for example the current gift tax exemption),
- Creating a form of asset protection (from creditors and predators or as a form of marital asset protection),
- Setting up healthcare proxies ( giving someone your trust the ability to make healthcare decisions for you in the event you are unable to do it for yourself),
- Setting up Power of Attorney (enabling someone to make executive decisions regarding your assets and finances in the event you are unable to and it is necessary),
- Medicaid or Retirement Planning (Divesting yourself of assets to qualify for Medicaid or Government subsidies),
- End of life planning using living will or last directive (Indicating burial requests and tube feeding or resuscitation in the event it is necessary).
In the articles section we have gone ahead to make it easier for you to find the topic of interest by creating subcategories. Our goal is to make it simple and easy for people to come to our website in order to educate themselves about the different types of trusts for example Revocable Trusts and Irrevocable Trusts or Special Needs Trusts and Supplemental Needs Trusts.
In the articles section you will find the following subcategories:
In this section you can find a broad stroke of articles/blogs covering all topics related to creating and understanding an estate plan.
A very common concern for people with families or high risk professions for example doctors, lawyers, policemen, firemen, accountants and so on. Newlyweds seeking marital protection and people with large cash liquidity might also be worried about their exposure and seek asset Protection.
At some point in our lives we are done working and are ready to retire and want to know the best practices for retiring. Here you can learn about pass through of assets, divesting of assets and planning for your final days.
Here you can learn about tax mitigation strategies.
Here you can learn about assigning guardianship for minors or assuming guardianship over a loved one who is mentally handicapped.
Everyone wants to plan for events while they are alive and not just after death learn more here.
What happens when someone dies or passes away with a Will.
Flexibility when it comes to planning.
The different types or forms of trusts and their uses.
Planning for Medicaid and Retirement.
Special Needs Trust
Planning for people with disabilities.
Planning for pass-through of assets.
Will and Trust
Different uses of having both documents a Will and some form of Trust.
If you are shopping around or look for ways to vet an Estate planning Attorney/Lawyer and wish to better educate yourself on the topic the articles section is for you.
To cover the estate’s assets and properties properly, you need to learn the property rights. Learning about different rights on the property of different states will help you pay taxes correctly. It also helps in Probate proceedings after you die. Overview Of Probate Cases With Assets In Multiple States One needs to know all the…
Ancillary probate is a secondary process, which maintains a mechanism of two probate processes going on together. The proceedings of this case are slightly different from the usuals. This process comes with some drawbacks as well. What Is Ancillary Probate? Usually, this type of case arises when a person dies, and his assets need a…
The probate process involves proving whether a will is genuine or not. A will requires to go through the process of probate. This will always be true unless a legal statute provides otherwise. The probate court will only allow the distribution of an estate after the completion of the probate process. The general probate process…
Probate refers to the legal process through which the estate owned by a deceased person can get transferred to his/her heirs. The process involves estimating the value of all the assets of the person and paying the final bills and taxes. After paying all the debts, the distribution of the rest of the estate takes…
Estate planning and probate seem to be highly interrelated. To understand the connection between the two, one has to understand these terms in detail. Now, probate is a legal process meant for handling the business affairs of a deceased person. This is a procedure of the court that identifies a proper will. The probate process…
Probate is a process in which a deceased’s will get executed for settling his/her estate. Probating of an estate is also possible when the deceased has left no will. In such cases, the estate might go to the wrong person. The wrong person in a sense with whom the deceased doesn’t intend to share his/her…
What happens when there is no beneficiary mentioned in a will? What are the probate laws concerning this situation? There may also be a case when all the beneficiaries die before the will’s owner. In these cases, the probate laws of intestacy in the state rule over the case. However, it is always advisable to…
When a decedent leaves behind some debts or credits to be paid off, they are usually taken care of by the estate. In fact, these credit card debts may be an additional worry for people while they are doing estate planning. The worry concerns about who will pay off the credit card debt after the…
Probate is a legal process as it is under the control of the probate court. It is the court who administers the probate process. The court follows state laws while managing or administering the probate process. State laws are different in every state, which is why probate is different in every state. The operations involved…