by Susan Grissom | Oct 3, 2016 | Estate Planning, Probate, Wills & Trust
A question I receive frequently when meeting with clients for estate planning is “what is the difference between an heir and a beneficiary?” An Heir is a family member who is entitled to receive property under the laws of intestacy. When a decedent...
by Susan Grissom | Aug 1, 2016 | Elder Care, Estate Planning, Probate, Wills & Trust
A Last Will and Testament is a document that allows you an opportunity to communicate your wishes and to dispose of your assets after death according to those wishes. There are many reasons to use a Last Will and Testament. The following are some of the reasons but is...
by Susan Grissom | Jul 15, 2016 | Elder Care, Estate Planning, Probate, Wills & Trust
A Revocable Living Trust is an effective estate planning tool for avoiding the costs and time of probate, preserving privacy, providing for management of assets during times of incapacity disability thereby avoiding the appointment of a conservator or guardian for...
by Susan Grissom | Jun 1, 2016 | Elder Care, Estate Planning, Probate, Wills & Trust
An estate plan, regardless of the size of the estate, should include at least three (3) documents: a Last Will and Testament, a Financial Power of Attorney or General Durable Power of Attorney and an Advance Directive for Healthcare. Last Will and Testament A Last...
by Susan Grissom | May 16, 2016 | Probate
When a family member passes, there are a number of things that should be done, some require immediate attention and others can be taken care of in the weeks and months following the death. The following list is a suggestion of things you should consider doing...
by Susan Grissom | Apr 15, 2016 | Elder Care, Estate Planning, Probate, Wills & Trust
Life Insurance is included in the value of a decedent’s estate for tax purposes. Currently, the estate tax exemption is approximately $5.45 million and is indexed for inflation. As a result, only a very small percentage of estates are taxable; however, many persons...
