Guardianship Disputes: What Decisions Can The Court Make?
Guardianship Disputes: What Decisions Can The Court Make? A probate court may make a decision to appoint a guardian when an adult becomes incapable or cannot make important decisions independently. In most circumstances, the guardian is the next of kin ( it can be a spouse or a grownup child) or another loved one, and […]
What is a Directed Trustee?
What is a Directed Trustee? Estate planning is a highly complex process that includes several steps. These steps can be complicated, but a directed trustee can help you here. In a Directed Trust, some tasks of distributing and administering the property placed into a Trust are delegated to a specifically appointed advisor, the Directed Trustee. […]
What do you mean by Electronic Will?
What do you mean by Electronic Will? In today’s world, almost every business functioning has an electronic alternative, mainly since the global pandemic has emerged. Previously, all meetings were held in offices; now, people prefer to hold most online meetings. They are usually less expensive, faster to execute, and easier to implement. Once passed from […]
What is a Simple Will?
The low percentage of adults in the US who have a Will in place is one of the most startling statistics of recent years. Sadly, and surprisingly, the ratio still stands at 30% with a Will and 70% without one. Most believe they do not have enough possessions to pass down and are not worth […]
Everything You Need To Know About Non-Probate Transfer
Most US citizens find the probate transfer time-consuming, costly, and emotionally taxing. So, what is a probate proceeding? When a person dies, their estate must go through the probate system for distribution amongst the living beneficiaries. Using non-probate transfer is one easy technique to evade the probate process. This approach also keeps the assets’ distribution […]
Assign An Executor Or Memorialize Your Online Account
Statistics Source : (https://datareportal.com/reports/digital-2020-global-digital-overview) Here are some mind-boggling statistics about Social media use—There are roughly 3.5 billion active users on social media, and 6.4 new accounts are registered every second. Typically a user has 7.6 social media accounts. Every day, they use social media for about 144 minutes and spend almost 7 hours online. In […]
How to Find and Collect Unclaimed Inheritances?
One of the biggest myths about unclaimed Inheritance is that we probably don’t have it. You will be surprised to know that 1 in every 10 Americans has unclaimed money in one form or another. According to a report by The National Association of Unclaimed Property Administrators (NAUPA), states restored $14.86 billion in unclaimed funds […]
Why Is The Power of Attorney Important?
You may travel and spend a lot of time out of the country. You may be aging and often wonder who to entrust with your end-of-life healthcare wishes. If you are a young parent, you may ask this uncanny question: who would take care of your children and aid them in their financial needs if […]
What Are The Rights And Limitations Of A Power Of Attorney?
Acceptance is the first step towards preparing for the future. It would be best to accept that life might not always be the same; circumstances change your decisions and path. Hence, it is essential to have provisions to tackle uncertainty. Furthermore, power of attorney is a legal way of temporarily or permanently designating someone to […]
What is a community property state?
Family is the basic unit of a healthy society. In a family, even if one partner earns more than the other, both own the assets equally. Hence, setting standards for the ownership of income and assets within a family is essential. That’s what community property does. It establishes a framework for marriage, wealth management, and […]
