The decisions you make when setting up your estate plan have a powerful effect on the legacy you leave behind to your loved ones and heirs. A proper estate plan can help to ensure that your end-of-life financial needs are met, your final wishes seen to, your assets protected and your children and other heirs …
Do Revocable Trusts Protect Assets From Creditors? Read More »
When a person dies, whether they do or do not have a will, there’s a chance that their heirs and beneficiaries may need to undergo a court process to settle their estate. This legal process serves to determine the real and personal property, and to determine the overall market value of the assets for tax …
Yes, a trust can potentially protect your assets during a divorce, particularly an irrevocable trust, as it generally removes the assets from your personal ownership. However, the protection offered by a trust can depends on various factors, including the type of trust, when it was established, and state laws. It’s no surprise that asset division …
Probate is the court-supervised process of collecting a decedent’s property and assets and distributing them to their beneficiaries. Unless there are family members fighting over the assets, there’s very little actual court time involved. Probate is mostly paperwork. If probate does move to court, however, the process is a little bit different. Find out how …
