When you think about the control of your possessions and assets after your death, you probably think of a Will and probate. A Will is a written, legally enforceable declaration that states how you ...
Funding a trust means transferring ownership of your assets into it. A trust that exists on paper but holds no assets accomplishes nothing — assets that were never transferred still go through probate ...
Probate is the legal process of administering a Decedent’s Last Will & Testament (“Will”), whereby assets owned by the Decedent at death are distributed pursuant to the terms of their Will, or if ...
When someone dies, their property doesn't automatically pass to the people they leave behind. Bank accounts, real estate, ...
What's in a title? A lot more than people realize when it comes to estate planning, advisers said. Fewer than half of Americans have any estate planning documents and of those who do have a will or ...
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Dad will keep his $300,000 house in joint names with his daughter so it passes outside probate. In her state, Medicaid will still reach his $150,000 share after he dies
Quick ReadGeorgia's expanded estate recovery rules let Medicaid pursue Dad's $150,000 half of the jointly owned home even ...
Estate of Myers v. Commissioner1 is an important estate-planning case as it suggests the Internal Revenue Service can pursue unpaid estate taxes against its choice of beneficiaries, probate or ...
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What happens to your assets when you die after divorce?
By Katie Lin Daly When a divorce is finalized, most people are focused on moving forward — not necessarily on what happens to ...
Question from Anne in Prescott: My father recently passed away. His only asset of any value was his small manufacturing business Corporation. Is his business subject to probate? Answer: Anne, to ...
What's in a title? A lot more than people realize when it comes to estate planning, advisers said. Fewer than half of Americans have any estate planning documents and of those who do have a will or ...
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