As a property owner not new to estate planning, you must have heard the term “Will” used in various property management contexts. But you may not know that estate planning is more than a Will. Instead, modern estate planning comprises other important components essential for the comprehensive and effective management of an entity’s assets and […]
Your estate executor or trustee is the person who handles your estate, distributes your assets, and follows the instructions in your Will. When creating a will or trust, selecting individuals or organizations that can effectively manage your estate and carry out your wishes after your passing is crucial. While family members and friends are often […]
We often receive inquiries about whether a trustee has the authority to eliminate a beneficiary from a trust, and this article aims to address this question. However, it is essential to acknowledge that removing a beneficiary from a trust is a multifaceted and sensitive issue that must be handled cautiously to avoid potential legal repercussions. […]
If you are not conversant with estate planning, you probably would have heard the term “executor” and not know what it means or what they even do. The term “executor” in estate planning is self-explanatory; it doesn’t have another meaning other than the one you see in the dictionary. Simply put, an executor is appointed […]
When a loved one passes away, their estate may need to go through probate court to be distributed according to their wishes. Unfortunately, sometimes the probate court’s decisions don’t always align with what the family believes is fair and just. If you find yourself in this situation, it’s important to know that you do have options. […]
Estate planning can be a complex and confusing process, and it’s important to ensure to distribute your assets according to your wishes after your passing. One potential tool that you may not know is the Heggstad petition. In this article, we’ll dive into everything you need to know about Heggstad petitions. This includes how […]
Have you ever thought about what would happen to your assets and possessions after you’re gone? It’s a tough thought to contemplate, but it’s essential for the well-being of both you and your loved ones. Estate planning is not just for the wealthy and the elderly. It’s a necessary step for everyone, regardless of age […]
When it comes to buying, selling, or transferring property, there are various methods that you can use to ensure the operation goes smoothly, and one of those methods is something called a quitclaim deed. But what exactly is a quitclaim deed, and when should you use one? In this blog post, we will look at […]
There are several reasons why someone might want to contest a will. Perhaps the person believes that they have been unfairly left out of the will or that it was not properly executed. It is important to clearly understand the grounds on which the will can be contested to contest a will successfully. Generally, a […]
Before you can call yourself a real estate owner or even attempt to move to a newly acquired place, there are some details you need to iron out first and foremost. Some of these include hiring a qualified house agent to help you hunt for that perfect building and making an offer to buy the […]