How Are Assets Transferred After Death?

After a person dies, what happens to their assets? If you have recently lost a loved one, you may be wondering how their assets will be transferred to family members and other heirs. Understanding this process can help during a time of grief, as it can otherwise be overwhelming and needlessly stressful. Know that if desired, a probate or estate …

Avoiding Living Probate and Death Probate

Death Probate is a legal proceeding to settle the estate of a person who has died. It includes appointing an executor/executrix, settling with creditors and dividing the assets among your beneficiaries. Living Probate is a term that was coined to describe a conservatorship or guardianship proceeding if a person has lost their mental capacity. Both Death Probate and Living Probates ...

5 Important Things to Know About the Probate Process

The probate process can be difficult to navigate. Often, people are confused about what happens when an estate enters the process of probate. Who takes care of the taxes, paperwork, appraisals, and distribution of the assets? The information below contains important facts to keep in mind when dealing with probate. Executor The executor of a will is either named in ...

Do I Need an Attorney to Help With My Will?

Wills and trusts are common ways you can convey your assets to other individuals upon your death, according to Cornell University School of Law. You may have reached a place in life that you feel the need to prepare a will. In addition, you may wonder if you should retain an attorney to assist you in preparing it. There are ...

5 Problems with a Living Trust

Living Trust are great tools that are used by many Americans to solve a range of problems from probate, guardianship, divorce, lawsuits and gold diggers. Yet, a Las Vegas Living Trust attorney may not tell you that many Living Trusts may cause more expense and headaches than probate if they are not used properly. Problem 1: Wrong State Forum When ...

Parents Helping Kids

Lately I've come across more and more families that working together to build wealth.  It seems like it's getting harder for kids to get a head start in this economy.  Here are some suggestions from my estate planning and asset protection point of view. The ultimate ownership of the business/assets should be owned by a trust. Do not try to ...