How Does Probate Court Work?

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 …

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Difference Between Revocable and Irrevocable Trusts

What is the Difference Between Revocable and Irrevocable Trusts?

If you’re looking into estate planning, understanding the difference between revocable and irrevocable trusts is vital to your family’s future. If you select the option that doesn’t align with your goals, you could end up with considerable tax and legal penalties. In most cases, the revocable living trust will become irrevocable if the trustmaker dies, …

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joint tenants with rights of survivorship

Tenants in Common vs Joint Tenants with Rights of Survivorship

Co-ownership of property can be a very tricky subject in today’s world. Whether it’s a married couple, business partners, roommates, or a romantic couple that simply lives together. Each type of living arrangement has different benefits and drawbacks, and there’s a lot of confusing terminology that goes along with it. Unfortunately, these terms carry legal …

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