An LLC is a great vehicle for asset protection and probate avoidance. To ensure that you can take full advantage of the benefits associated with an LLC, it's critical that you follow the rules.
Usually, revoking a will is a purposeful act. But many states have laws that automatically revoke a will, or portions of it, in specific situations.
When you retire, it's important to update your will to reflect your new lifestyle. With the help of an experienced estate planning attorney, you can create a comprehensive plan that protects you and your loved ones.
Changes in family dynamics, major changes in assets or income, and tax law changes may all cause you to review your estate plan. You should update at least once every 5 years.
A trustee's work can be time-consuming and complicated. So, many people choose to hire a professional fiduciary to be their trustee. Sometimes this is a bank, a professional trust company, or an estate attorney. When looking to hire a professional to serve as your trustee, the following are several questions to keep in mind.
If your spinal cord stimulator was defective and had to be surgically removed, you may seek compensation from the manufacturer. Here are a few things you can do to help your case.
Aaron’s passing was one of the more tragic celebrity deaths of 2022. It's also one of the messiest from a legal perspective. The late singer died unmarried and without a will, raising questions about the value of his estate, what will become of his remaining fortune, and who will provide care for his young child.
A SLAT is a type of irrevocable trust created by one spouse (the trustmaker) for the benefit of the other spouse (the beneficiary). The trust is used to transfer money and property out of the trustmaker's estate. This strategy allows married couples to take advantage of their lifetime gift and estate tax exclusion amounts.
While Knives Out appealed to viewers because of its interesting characters and dramatic plot twists, the more mundane topic of estate planning is central to the movie. In Knives Out, there are several common estate planning issues that could trigger real-life family drama.
We often think that if we're careful enough, and draft an estate plan, our estate won't have to go through probate when we die. But sometimes, the unexpected happens. Here are seven reasons why an estate might have to go through probate.