Estate Planning

When you purchase and own a home, your name is on the title to the property, indicating ownership. However, you can transfer ownership of your residence to another person or entity in the form of a real estate trust.

It is very important for unmarried couples to execute estate planning documents to make their wishes clear concerning the rights and responsibilities of their significant other.

When you die, a section of law known as estate and probate law governs how your assets are distributed.

Estate planning is nearly always worthwhile but can be extra important when you have stepchildren.

First, debts in a person’s estate are payable from the decedent’s assets in the course of administering their probate estate or administering their living trust estate.

You’re single, and you don’t have an estate plan or even a will. Perhaps you think you don’t need either because you’re not wealthy and don’t have children.

There are many different configurations of blended families. However, they are generally made up of married couples who have children from previous marriages or relationships.

Data from sources like the U.S. Census Bureau shows in no uncertain terms that the U.S. population has grown older over the prior two decades.

A marital trust is a complex estate planning tool that should be crafted carefully. Because of its tax benefits, you should work closely with an experienced estate planning attorney to ensure that the marital trust is established properly.