Clients are often unpleasantly surprised to learn that having a Last Will and Testament does not negate the need for probate. And they are sometimes annoyed when they learn that even though they are named as the Executor in a Will, that alone does not give them authority to access the decedent’s assets. Yet both of these statements are true.
Whether you are putting together your own Will or stand to receive assets left to you by someone else, you may wonder what the actual difference is between a beneficiary…
Many families mistakenly believe that receiving an inherited property is as simple as listening to a reading of the Will and then that property magically belongs to you and you…
Britney Spears’s legal fight to take back control over her personal and financial affairs has put a spotlight on the issue of guardianship. While full guardianship may be necessary for…
When someone who owns individually-titled assets with no beneficiary designation passes away, with or without a will, the deceased person’s estate has to go through probate. The fiduciary (called an…
What Is a Living Trust? A living trust is an agreement in which a settlor (the person who creates the trust) appoints a trustee, to manages the assets within the…
