Monthly Archives: December 2024
Do You Qualify For Summary Administration Or Disposition Without Administration?
Anyone whose financial situation went from bad to worse because of the costs and time commitments involved with the probate of a deceased family member’s estate can tell you that it is a mistake to believe that you do not need to write a will. Probate isn’t just about money; it is about decision-making… Read More »
Removing A Personal Representative From A Probate Case
Not every probate case includes a will, but they always involve a personal representative. The personal representative is responsible for following the instructions in the will to distribute the estate to beneficiaries, but only after settling the decedent’s outstanding debts and filing a final tax return on behalf of the estate. If the decedent… Read More »
Do Too Many Personal Representatives Spoil The Estate?
If your estate goes through probate, whether or not you have a will, the probate court will appoint a personal representative, also sometimes called an executor of the will. Your will should mention by name the person you choose to be personal representative of your estate. By including this provision in your will, you… Read More »
Retirement Accounts: An Underrated Asset Protection Strategy
Perhaps your mother was right that, when trying to get others to see your point of view or do your bidding, you catch more flies with honey than you do with vinegar. Estate planning lawyers can attest, however, that while some people enter the law office with dreams of being generous to their descendants,… Read More »