Who needs a Will? Everyone needs to have a Last Will and Testament, which is the long way of saying a Will at your death. Problems arise if you don’t know how to format for your last will and testament. The rules are long, and it is very easy to get them wrong....
Are you concerned about who pays gift tax? Gift tax is a tax you pay when you transfer assets to someone else. The asset can be cash. The asset can be real estate, stocks, or bonds. All of these transfers may trigger gift tax. We are not talking about a small gift,...
If you don’t do your estate planning, the State will plan for you using the Law of Intestacy. Could the state decide your inheritance?
Beneficiaries of a Trust believe that when a loved one dies, they will receive their inheritance from the Trust.
Many people wonder, what are beneficiaries. They also wonder why, even though the will or trust names them as beneficiaries, they get nothing. The reasons are surprising. Definition The definition of beneficiary is someone who is entitled to receive some kind...
When a person is unable to manage their finances, conservatorships can be considered although it isn’t the only option.
An Executor must communicate with all the beneficiaries; however if there is no probate, no one is ever notified.
Do you know your real name? Today you need to use your full legal name and have REAL ID to show to the Notary Public to back it up. Welcome to 2021 and the world of the ‘Real ID’. Let me tell you about your need to have a real ID. When I was baby...
Every time you buy a car, rent an apartment, or turn on utilities, you are signing a legal agreement which you think you understand. You think you understand the agreement because the language looks like it is written in normal English. Beware! The legal agreement...
Disinherited If a loved one dies and the Last Will says you get everything, why were you disinherited? The most common reason for you to be disinherited is because the assets were transferred to someone else by operation of law. Operation of Law ...
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