While it is possible to create a will on your own, it is generally recommended that you hire a lawyer to help you draft your will. A lawyer can help ensure that your will meets all of the legal requirements in your state and that your wishes are clearly and accurately reflected in the document. […]
Living Trusts
What is Probate?
Probate is the legal process by which a deceased person’s assets are distributed to their heirs or beneficiaries according to their will or state law. It involves the court overseeing the administration of the deceased person’s estate, which includes gathering their assets, paying off any debts and taxes owed, and distributing the remaining property to […]
What Are Trusts and What Benefits Do They Offer?
A trust is a legal arrangement in which a person transfers assets to a trustee to manage on behalf of beneficiaries. The trustee is responsible for managing the assets in the trust and distributing income and principal to the beneficiaries according to the terms of the trust document. Trusts can be revocable or irrevocable and […]
What Happens If the Terms of a Trust Are Disputed?
If the terms of a trust are disputed, the matter may need to be resolved through a legal process. Depending on the nature and scope of the dispute, there are several options available for resolving trust disputes: Mediation: Mediation is a voluntary process in which a neutral third party works with the parties involved in […]
What is a living trust?
A living trust is a separate legal entity that you (the “grantor”) create while you are alive and as the grantor, you sign the trust document, providing yourself the opportunity to fund the trust. You get a federal ID number, akin to a social security number for the trust, to open accounts with banks or […]
