If a loved one asks you to be the executor of their estate, think carefully before you take on this responsibility.
At some point in your life, there’s a good chance you’ll be tasked with acting as the executor of an estate. The designation is both an honor and an obligation.
Before you decide to put your home in an irrevocable trust, it is important to have a basic understanding of what you are doing and why.
Every estate that holds titled property must be probated if title to that property is not transferred using some other wealth transfer method.
Probate survives as a procedure originally implemented by the King of England to protect his citizens from themselves and their greed.
My father passed away recently. How do we remove his name from the title to the home? Can we record a death certificate or have mom sign a new deed?
If you don’t also fund it, unexpected things can happen and some of those things may not reflect the intent to the grantor.
A common misconception is that you do not have to probate a will when your spouse dies.
If you want a legal plan that avoids probate court, there are two options: first, an enhanced life estate deed, and second a living trust. Each has its pros and cons.