by Madalyn Davis | Oct 22, 2019 | Estate Planning, Probate, Wills & Trust
An important part of estate planning is understanding what your assets are and which assets are subject to probate (“Probate Assets”) versus which are not subject to probate (“Non-Probate Assets”). Probate Assets are assets that are controlled by the terms of a Will...
by Madalyn Davis | Oct 15, 2019 | Estate Planning, Wills & Trust
Grief causes people to react in ways we wouldn’t expect or anticipate. Things that seem small, personal mementos and items of sentimental value, are often the biggest cause of family fighting. Whole estates have been drained as children spend money on hiring attorneys...
by Madalyn Davis | Oct 8, 2019 | Elder Care, Estate Planning
Estate Planning is not just about Wills and Trusts. Having a plan in place to govern your health and finances if you are living but incapacitated, Incapacity Estate Planning, is important as well. What does it mean to be incapacitated? Being incapacitated means that...
by Madalyn Davis | Oct 1, 2019 | Estate Planning, Wills & Trust
Estate Planning can be confusing. It can be hard to navigate the Who, What, and How’s of estate planning. Who should you leave your assets to? What are you leaving? How should you leave it? Who you Leave your property to: It doesn’t have to be family. You can leave...
by Susan Grissom | Sep 24, 2019 | Estate Planning, Wills & Trust
Creating an estate plan defines who receives your property after your death. Among other things, it allows you to decide on the distribution of your assets, appoint an executor and trustees to carry out your wishes, and appoint guardians for your minor children. An...
by Susan Grissom | Sep 17, 2019 | Estate Planning, Wills & Trust
Establishing an estate plan means sitting down with your lawyer to discuss the disposition of your property after your demise. An estate plan is the best way to put your financial affairs in your preferred order. It lets you ensure your assets go where you want them...
by Susan Grissom | Sep 10, 2019 | Estate Planning
Like most people, your estate plan probably includes leaving any real property you own to your family. That means you also want to leave them with as small a tax bill as possible on any property they inherit from you. Tax and estate planning can be complicated. Often,...
by Susan Grissom | Sep 3, 2019 | Estate Planning
When your child reaches their eighteenth birthday, they see it as crossing a threshold into adulthood. The law sees it that same way. When your son or daughter turns 18, they are suddenly legally in charge of their lives which means they can legally make their own...
by Susan Grissom | Aug 27, 2019 | Estate Planning
When most people hear the term QTIP, they think of the cotton swab. In legal terminology, a QTIP is a type of trust fund – a marital trust account that lets you provide for your spouse while also protecting assets for future generations. It’s often used in instances...
by Susan Grissom | Aug 20, 2019 | Estate Planning
Saving for retirement is a goal many people set. It’s a way to secure and safeguard a portion of your income to guarantee a comfortable living for your retirement years. Most people save for retirement using a vehicle known as an IRA. An IRA (individual retirement...
