How to Incorporate Adopted Children or Stepchildren In Your Estate Plan

In many households, parents care for and form unique bonds with children that are not theirs biologically, such as adopted children and stepchildren. Families may have a blend of biological children, adopted children, and stepchildren in one household. Therefore, it is essential to understand the Read More …

What Happens If You Die Without a Will?

Despite the COVID-19 pandemic causing an uprising of interest in estate plans, there was a survey in 2022 that found that only about 33% of Americans have an established will. An established estate plan does not only save time and money for your loved ones Read More …

Advantages and Disadvantages of Probate

What is Probate? Probate is a court-supervised legal process that follows an individual’s death, whereby a probate court will establish the validity of one’s will. During this process, the court essentially oversees the distribution of a person’s asset after their death. How does the Probate Read More …

3 Ways To Address an Estranged Child In your Estate Plan

All families experience conflicts, but if it is to a particularly severe extent, you may not want one of your children to reap the benefits of your estate. There are different strategies for handling an estranged child in your estate plan. Based on the level Read More …

How Long Does An Executor’s Job Take?

Being an executor of an estate can prove to be a particularly time-consuming responsibility. While a standard simple estate may only take a few months to probate, larger complicated ones with problems can last for years. If you are agreeing to the role of executor, Read More …

3 Steps to Take If You Want to Leave Your Family Unequal Inheritances

An inheritance is money you leave behind for specific individuals in your will. If you have children, it is likely a significant portion of your will is going to be devoted to leaving them your assets. While it is common to leave an equal share, Read More …

Can You Inherit Season Tickets?

The executor’s role can be complicated by distribution of unique assets that the deceased individual’s last will does not account for. One example includes seasonal sports tickets. In such instances, family members often inquire about the status of a seasonal pass after a loved one Read More …

Family Conflicts Are the Top Threat to Inheritance

To most people, the concept of inheritance may seem fairly straightforward – when someone in a family dies or is of old age, they transfer their assets to their children or other family members through various forms including money, stocks, property, and a number of Read More …

Debt after Death: Who Takes on the Debt after a Debtor Dies?

Picture this scenario: You are approaching the end of your life, yet your balance sheet is in the red. You still have a significant sum you owe to an assortment of creditors. “Ah-ha!” you triumphantly think. “They can only take it while I’m alive. I Read More …