For most of us, retirement is a goal we hope will allow us to enjoy the fruits of previous sacrifices. While preparation increases the likelihood that we can enjoy our golden years, there are many uncertainties that determine whether retirement is an opportunity or a...
Everyone has seen the movie or television show when the family gathers for the reading of the will. It is usually a dramatic event with an unexpected twist that makes for a good movie plot. Is there actually any requirement to have the family meet for a “reading of...
Part of my practice is spent helping clients solve problems after a parent or spouse has passed away. Many times, these problems arise because the estate plan included a “shortcut” intended to avoid probate. Probate is a process to transfer the assets after someone...
For those who consider probate (or avoiding probate) to be a significant issue, it is important to remember that probate is only a process to transfer assets. Regardless of whether probate is necessary or appropriate, the process should never become more important...
Perhaps because they do not understand the consequences, I have seen many people take “shortcuts” to avoid probate. Last post, I gave the example of parents who transfer their home to a child so that the home could be sold after the parents pass, without going...
As I have discussed in the last few posts, many people have been told they should avoid probate. Usually, they are told they need to avoid probate because of its cost. (Interestingly, most people have no idea what probate actually costs or what it should cost.) ...
