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Estate administration often begins with the expectation that everything will be resolved quickly and smoothly. Families are already managing grief, and delays can add yet another layer of frustration. What many people discover, however, is that the process involves...
Financial assets are often inherited by family members when a person passes away. If that person has an estate plan, then it should give directions for how these assets should be distributed. Even if they do not, state law can dictate which direct relatives are...
As a small business owner, you likely see your business as one of your most valuable assets. It could make up a bulk of your net worth, and it also represents ongoing income for you and your family. As such, when you are making your estate plan, you may wonder if you...
Creating a will is one of the most important steps you can take to protect your family’s future. It gives you a voice in how your assets are handled and ensures your loved ones are cared for. However, a will is not a "set it and forget it" document. As your life...
It’s not uncommon for someone who hasn’t had professional estate planning to leave behind multiple wills. Some may be dated and others not. Some may have notes scribbled in the margins or lines crossed out. It can be impossible for loved ones to figure out which, if...
Many people have certain expectations when it comes to their inheritance. They may think that they will receive a certain asset, whether it has sentimental value or financial value. They may believe that they are going to get a certain amount of money, or they may be...
If a loved one made you the beneficiary of a trust, it’s wise to thoroughly review the terms of the trust as soon as you’re able to. Even if you already knew about it, it’s possible that your loved one made changes prior to their death. It’s also important to...
The process of settling a deceased person's estate (probate) can be complex under any circumstances, but when businesses are involved, additional challenges can arise. Here are three matters that can complicate probate when it intersects with business interests. 1....
Many people assume they have a right of inheritance when someone dies. Spouses, children and other immediate family members are the legal heirs who inherit from an estate if the deceased person does not have a will. People can also establish wills that name various...
A business sale marks a significant financial and personal life milestone. As such, it's a perfect time to reevaluate your estate plan. Selling a business interest brings newfound liquidity and notable changes in your financial situation. Your estate plan should...