Who Pays Inheritance Tax? The short answer is that the estate is responsible to pay Inheritance Tax out of the money the beneficiaries would have received. I need to explain what the words estate, inheritance tax and beneficiaries mean in this context.Estate When a...
When you look up mortgages online at the county recorder’s office in Arizona, you won’t find mortgages anywhere.
Beneficiaries of a Trust believe that when a loved one dies, they will receive their inheritance from the Trust.
Death Certificate A death certificate is an official document from a government agency stating that someone died. It is important to know who is legally alive and who is legally dead. If someone is dead, and you don’t have a death certificate for that person,...
An Executor must communicate with all the beneficiaries; however if there is no probate, no one is ever notified.
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 ...
For many people the hardest part of creating an estate plan isn’t deciding what to leave to their heirs, but deciding who they trust enough with the difficult job of administering their estate. The job of administrator requires a rare and unique combination of...
Anyone who has lost a close friend or family member knows that what a difficult, painful, and overwhelming time it can be. We are often asked to help our clients through probate process when a loved one dies, but probate isn’t the only thing you’ll have to think...
Naming someone as trustee of your living trust is quite possibly one of the most difficult decisions you’ll ever make. The trustee is involved in just about every aspect of the administration of a trust; and although it is considered a great honor, it can also be a...
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