by Christine | Apr 16, 2014 | Estate Planning, Probate, Trusts, Wills |
A no-contest clause may be a good idea if you have a beneficiary who may be upset by the property distributed to him or her. Consider this common estate plan predicament: you are drafting a will and know that if it is challenged by a spurned heir or for anyone for any...
by Christine | Apr 15, 2014 | Asset Protection, Elder Law, Estate Planning, Probate, Reverse Mortgage Loan |
Death of the borrower triggers the loan payoff, but the estate and heirs will never owe more than what the home is worth. Family homes are unique assets. And like many assets, family homes can be as complicated as they are meaningful. Even when heirs inherit a home...
by Christine | Feb 3, 2014 | Estate Law, Estate Planning, Inheritance, Probate, Real Estate, Wills |
The process of selling a relative’s home is likely going to be emotional, from the sorting of the personal belongings to the finalization of the sale at the closing table. Expect that. And surround yourself with professionals who will be empathetic and helpful. Many...
by Christine | Nov 25, 2013 | Beneficiary Designation, Estate Planning, Probate, Wills |
A will may say to divide an estate equally among three children. But if a particular account is titled to pass to just one, only that beneficiary will get the account. Your Last Will and Testament is the legal document to put your wishes in writing and get it all...
by Christine | Oct 28, 2013 | Debt, Estate Law, Estate Planning, Probate |
Can a bank collect a credit card debt owed by your deceased parent or spouse? The answer depends on a range of factors, from whether it was a joint account to where the deceased person lived. Although probate can put some undo stress on an already stressful...
by Christine | Aug 5, 2013 | Beneficiary, Estates, Individual Retirement Accounts (IRA), Probate, Wills |
The only time your Will would control who gets your IRA is if your estate is the beneficiary. Generally, it’s not a good idea to name your estate as the beneficiary of your IRA. Even though you made sure to prepare your Last Will and Testament, it is not always the...
