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If you are named as an executor or administrator of an estate, it is your responsibility to manage and close the estate. This is a complicated process that begins with filing a petition with the Probate Court as discussed in our prior blog post, Probate and Estate...
When someone dies owning property, there is a legal process for distributing the person’s assets. This process begins in Probate Court. There are numerous rules and procedures in Probate Court and they differ depending on whether the individual who died (the...
When it comes to an estate plan, there is no way to guarantee that beneficiaries and/or creditors of your estate will not pursue litigation after you die. Unfortunately, parties can try to contest your will or object to some aspect of a trust you created (including...
When an individual cannot care for themselves or their affairs, it may become necessary to have someone else take on that role to protect the person. A guardian or conservator (the term used depends on the state where the person lives) is a person appointed by a...
Typically, people buy life insurance to provide funds for their families if something happens to them. However, there are other ways life insurance can benefit your estate plan. If you are considering buying a policy or changing your existing one, it is helpful to...
If you want to preserve assets for your children or grandchildren, you may already have heard about using a trust fund. Property placed in a trust fund is held and managed by a trustee for the benefit of a beneficiary. There are many advantages to creating a trust,...