Category: Probate
Myths are spread from person to person and by the Internet. Correcting the myths isn’t an easy task. The world of the will and the trust has created some basic estate planning myths through the years. However, they can be corrected, according to TC Palm in “Common misconceptions about wills and trusts.” These myths include: […]
A living trust can become a problem, if it isn’t created with good advice. A living trust needs careful preparation or an estate may face probate, according to the Napa Valley Register in “Avoid this living trust problem.” The problem can result from people buying living trusts through non-attorney trust mills, online legal form services or […]
Many of the problems that arise in managing an estate can be avoided by careful planning. Some of the friction within the family and difficulties in dealing with an estate can go more smoothly, if you know a few things about estate planning and your goals, according to The Register-Guard in “Final farewell needs to […]
The distribution of real estate can be a good deal or a bad deal. One way to avoid real estate going through probate is to put someone else’s name on the ownership of the asset. However, that almost always comes out badly, according to the Daily Republic in “All Things Real Estate: Living trust best […]
In trying to avoid probate, people can find themselves getting the opposite results. Many people do not realize that probate courts handle more things than just wills and can’t always be avoided, according to WLTX19 in “Man spends thousands in probate costs to help wife with dementia.” Consider the case of one elderly couple in […]
If a loved one passes away without a will and you handle the estate, you should know what steps to take. If a relative dies without a will and you are chosen to distribute assets to family members, you will most likely find it is not a simple process, according to the Napa Valley Register […]
Sometimes it is best if your home does go through probate. Putting your child’s name on the deed of your home may avoid probate. However, it is almost always a very bad idea because of the risks involved, according to My Prime Time News in “Deeds and Probate Avoidance.” The problem is that by putting a […]
Even if your estate is small, you should consider a living trust. The probate process is very different, depending on your state of residency. That should be considered when creating an estate plan, according to the Los Angeles Times in “Why setting up a living trust may be wise, especially in California.” In some states, […]
Common mistakes are often mentioned over and over again. There are common mistakes in estate planning that are not often mentioned, despite the fact they are made over and over again, according to the Ithaca Times in “Key estate planning mistakes to avoid,” including: Forgetting to update an estate plan when a spouse or child […]
Estate planning instruments, including trusts, can be used to avoid the probate process. If some information you have seen or heard has led you to believe a will does not have to go through probate, you are just plain wrong, according to TC Palm in “Common misconceptions about wills and trusts.” Sometimes, misconceptions begin with […]
