Avoid the costly and time-consuming probate process by using the Transfer-on-Death Designation Most people want to avoid probate court, and for good reason! Anyone responsible for being an Executor during the probate process knows how time-consuming, grueling, and expensive it can be. The good news is probate can be avoided with proper planning and using …
The probate process can be expensive and time consuming. Learn 4 ways you can structure your assets to keep your estate (and loved ones) out of probate court. What Is Probate? Probate is the court process of transferring your assets after your death to your beneficiaries. Under the supervision of a judge, the probate court …
The executor of your estate is responsible for distributing your assets, paying your debtors, and ensuring your beneficiaries receive their inheritance. Have you ever heard the Winston Churchill quote, “He who fails to plan, plans to fail?” Failing to plan for the right person or entity to be an executor of your will after your …
Should you DIY your own will and does it hold up in court? Here are answers to frequently asked questions and the pros and cons of holographic wills. Maybe you’re planning an international vacation and you want to make sure that in the event something happens to you or your spouse, your children will be …
There are a number of reasons a will could be considered invalid. Here’s how to identify and contest an invalid will in Virginia. One of the most important documents you will ever write is your last will and testament; yet many, to their own detriment, erroneously believe that they don’t need a will. These common …
Take these 6 important steps to prepare your estate plan to protect your assets and loved ones in the future. Many people have the assumption that an estate plan is associated with wealth. Don’t let the word “estate” fool you into thinking estate planning is only for the ultra-wealthy—an estate plan is for everyone. Your …
Do you know your parents’ last wishes? Here are 5 tips for initiating the often difficult estate planning conversation with your parents. Nobody enjoys awkward or uncomfortable conversations, especially if the discussion revolves around what happens after your parents die. For the vast majority of adult children, discussions about your parent’s estate only happen after …
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