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Category Archive for: ‘Probate’

  • Six Reasons to Consider Creating a Trust

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    Control Asset Distribution.   Your beneficiaries may not be prepared to manage their inheritance.  You can create a Testamentary Trust and appoint a Trustee who will make distributions to your beneficiaries according to your wishes.  For example, your Trust might stipulate that your Trustee make money …

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  • Keep That Asset Out of Probate!

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    Last month’s Hearsay discussed the importance of coordinating the beneficiary designations of your non-probate assets with the beneficiaries in your Will.  Now consider what can happen if you fail to designate a beneficiary of your non-probate assets. Your estate is liable for outstanding claims your creditors have …

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  • Coordinate Your Will and Non-Probate Assets’ Beneficiary Designations

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    A Will is only one part of a comprehensive estate plan.  Make sure the beneficiary designations for your non-probate assets are coordinated with your Will to ensure that the appropriate persons inherit from you. The distribution of non-probate assets, such as investment/retirement accounts and proceeds …

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  • Co-Executors or Alternative Executors: Which is Better for You?

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    The person you name as the executor of your will should be able and willing to carry out your final wishes.  If you have more than one child, you may feel compelled to name them co-executors in an effort not to hurt any of your …

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  • Simplifying Probate: A Self-Proving Affidavit

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    Avoid oversights when planning your estate.  Make sure your family can easily probate your will by including a self-proving affidavit.   A self-proving affidavit is a sworn, written statement signed by the will-maker and his or her witnesses in the presence of a notary which attests …

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