What Happens in Probate Court?
While some people may have heard the word “probate,” not many know what it means or what probate involves. Some may simply have been warned to try and avoid probate. It is expensive! It takes too much time! This is what is usually said when probate is mentioned. The majority of estates, however, will...
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What Are the Fiduciary Duties of a Trustee?
A fiduciary shares a legal relationship with the principal that comes with certain responsibilities, or duties. The Principal is owed the duty and the fiduciary carries the burden of upholding the duty. A prime example of a fiduciary relationship is that which exists between a trustee and trust beneficiaries. Trustees have fiduciary duties...
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What Is a QTIP Trust?
There are many different trust types available to use when estate planning. Each different type of trust serves a different purpose and has its own benefits. The value that you may find in the proper implementation of the right kind of trust to serve your own purposes can be substantial. This is part of...
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Are Long Term Care Benefits Available to Veterans?
The benefits available to veterans can be complicated to understand, but often provide critical services to veterans in need. Many veterans find themselves needing help with the cost of long term care. Long-term care can include a variety of things, ranging from managing an illness to assistance with performing everyday tasks. It can...
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How to Select the Right Nursing Home Facility
Whether you are trying to make a decision for yourself or a loved one, selecting the right nursing home facility is a big decision. There is a wide range of options to consider. A facility will not be right for everyone. Take the time to research nursing homes and evaluate what each facility...
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What Happens When an Estate Is Closed?
The administration of an estate can be a lengthy and sometimes frustrating process. The personal representative of the estate is tasked with its administration and the job duties are extensive. To administer the estate, the personal representative must, among other things, gather and protect all assets, take inventory of the assets, notify all...
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Should You Specify Your Desired Funeral Arrangements in Your Will?
Some people have a very specific idea of how they want their funeral to be arranged. Some may be elaborate and large celebrations of life, others may be low key, intimate affairs. Regardless of the style you have settled on, you will want to make it clear to your loved ones as to how...
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How Can You Protect an Heir’s Inheritance from His or Her Spouse?
Whether you fear that your child has married someone unreliable or you have faced the reality that around half of all marriages end in divorce, there can be a number of reasons why you would worry about leaving an inheritance to your child that would end up in the hands of a spouse who...
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What Are the Most Common Estate Planning Mistakes to Avoid?
Putting an estate plan in place is so important. One of the most common estate planning mistakes is not having an estate plan at all. That being said, a properly drafted estate plan is critical to best serving you and your loved ones. Mistakes in the drafting of an estate plan can have serious...
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Why Would You Want to Avoid Probate?
You may have heard many negative sentiments about the probate process. However, many people do not actually understand the specifics about why people try to avoid probate. Proper planning ahead of time can help ensure that your estate will not need to go through probate at all or will, at least, substantially avoid...
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