One of the most satisfying things for many people is the day they finally open their own business and no longer work for anyone else. They are finally their own boss. Some business owners own their business solo, while others decide to go into business with a partner or partners. When a business partner dies, […]

What is a trust? A trust is legal, fiduciary arrangement that is created to hold assets on behalf of a beneficiary.  A trustee is the person who is in charge of overseeing the assets in the trust. There are several different types of trusts that can be used for estate planning purposes. What is a

        A lot of people buy Wills online or through Kinkos. But how can you make sure that the Will you bought is valid? Following are formalities and solemnities that are required for a valid Will. For the purpose of this blog post, a testator is the person making a Will in many states like

Most property that people purchase can be physically transported from the seller to the buyer. This would include everything from jewelry, a car, a washing machine, etc. However, the purchase of land in any form, whether a home, a lot or acreage, is accomplished strictly by the use of documents. Typically the seller executes a

Divorce is known to be a financially disastrous task, but rebuilding your wealth afterwards is very possible. Since you may have been dependent on two incomes to help pay bills and other things for your entire household, learning how to manage your income with one less individual to support can be a little rough. However,

People often set up a trust to makes things easier on their family when they pass away, and to provide for the future of their family. However, taxes on trusts can sometimes make things very complicated. The short answer to the question “do trusts pay taxes?” is . . . well, . . . it

It is not unusual for some family member to be shocked when the Last Will and Testament of a recently deceased person reveals that they have been disinherited. The following is an example of a situation that frequently occurs: John Smith is an 87 year old widower, with four adult children – James, Robyn, Phillip

What Does Probate Mean? “Probate” is the term given to the process by which a will is dealt with in a court of law. During the time a will is in probate, an individual is named as the executor of the estate. This means that they are tasked with the responsibility to administer the estate

  Going through your family member’s items after they pass can be an emotional task, especially while you are in the midst of grieving. You are likely now having to move your loved one’s belongings out of their home and into the hands of chosen beneficiaries. However, you may not be sure what to do

It is beneficial to create a will in order to preserve your final wishes and ensure your beneficiaries receive the assets you assign them. However, some choose to forego a will, which may be difficult for their family members to understand. In many ways, a will or trust can be useful for family members of