In my previous post I discussed the need and issues involved in naming guardians to care for your young children in case both mom and dad are incapacitated or pass away. In this post we will continue that discussion but focus on naming one or more guardians of the...
As I re-read the article I used for my previous post I was not surprised to find the number one mistake is not having a plan. That got me thinking, “Why do most people not plan and how can I encourage them to not make this mistake? So this week I have compiled a list...
For those families with minor children, estate planning should be a top priority. Unfortunately, for many families that is not the case. They are so busy that they do not take time to put plans in place to care for their children if mom and dad are either...
Probate is the legal process of transferring title of the Decedent’s (the one who passed away) assets from the Decedent, to the heirs or beneficiaries. Probate is necessary because in order to transfer assets a signature is ordinarily required. However, when someone...
There are two basic ways to leave gifts to your heirs or beneficiaries: outright or in trust. Outright Distribution Over the course of history, outright distribution has probably been the most common type of transfer. Here, property (real or personal) passes to the...
