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A Guide to Estate Settlement

A Guide to Estate Settlement

When appointing someone as the executor or executor-designate of an estate, or when accepting the responsibility of one, there are certain factors to consider - the complexity of the task and the order in which to pursue it. Beyond the…

The Probate Process with or Without a Will

The Probate Process with or Without a Will

The probate process, held in probate court, is well-known to most people, who know the process takes place after someone passes away. There are very few people who realize it can be a prolonged and complicated process. Often, it will…

An Ineffective Power of Attorney

An Ineffective Power of Attorney

Powers of attorney allow you to appoint a trusted individual to make decisions and handle transactions on your behalf. You might need them for personal finances, business operations, or medical purposes, either immediately or on an ongoing basis. Sounds simple,…

Plan for the Future of Non-Traditional Families

Plan for the Future of Non-Traditional Families

The practice of estate planning is evolving due to changing family structures. Thirty years ago, a traditional family consisted of a man and a woman who lived together, bought a house, had children, and worked to achieve financial stability and…

Different Types of Trusts Explained

Different Types of Trusts Explained

The word trust is often used to describe someone who is a beneficiary of a trust fund. Despite the common misconception that only wealthy people have trusts, they are a useful tool for estate planning of all sizes. A trust…

Identifying and Understanding Powers of Attorney

Identifying and Understanding Powers of Attorney

As part of your estate planning process, it is critical to implement Power of Attorney (POA) documents. Powers of attorney are recognized in every state, but the rules and requirements vary from state to state. By signing the document, you…

Preventing Probate Litigation

Preventing Probate Litigation

Probate litigation typically involves guardianship and conservatorship disputes, will and trust contests, battles over the family home, and disputes over real estate. The best method of reducing or avoiding probate litigation risk is to plan carefully for the future. In…

Planning Estates for Unmarried Couples

Planning Estates for Unmarried Couples

Americans over the age of 50 are becoming widows or divorcing (in record numbers) and forming new partnerships. It has been reported by the US Census Bureau that more than half of all older adults have never married, choosing instead…

Wills of Blended Families

Wills of Blended Families

In today's American families, stepchildren are common, and they are often treated the same as full biological children, including when inheritance is involved. A blended family in which stepchildren are incorporated from an early age is especially vulnerable to this.…

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