Planning your estate properly is even more important if you intend to leave assets to someone with special needs. Doing so without using a special needs trust can hurt the person in ways that you do not intend. It can make them ineligible for Supplemental Security Income and Medicaid, to begin, in addition to other […]
When someone passes on, their estate usually goes through a process known as “probate.” During probate, an individual’s debts and assets will be identified. Their debts will be paid off and then their assets will be distributed in accordance to their will. Absent a will, rules of inheritance will apply. Depending on the complexity of […]
One of the most important steps when planning your will is to determine who will have the power to execute that will. The personal representative is responsible for things such as the selling of real estate and the distribution of assets to all the beneficiaries of the deceased. There are times when this representative may be […]
The last thing most of us want to think about is what will happen to all of our assets after we have died. Proper estate planning is essential to make certain that your wishes will be honored. Unfortunately, many people are not aware of how easily their wishes can be disregarded if they do not […]