Many times, death comes so abruptly. In order to avoid inconveniences in the time of your passing or that of loved ones; it’s important to make some early arrangements. When one dies, he/she oftentimes has something to leave to specific loved ones. It could be physical assets, monetary assets or even vital online accounts, business […]
When a parent passes away, it is an extremely difficult time that sometimes brings out the best or the worst in a family. Sometimes it can cause further divides between siblings, and money and possessions often have a special way of fueling the fire of existing issues. If a sibling or another person named in […]
The term “execute a will” simply means for the “executor,” the person named in the will, to follow the instruction in the text of the will. This might seem obvious, but the first step to properly execute a will is to make sure it is the original signed will and not a copy. Next, is […]
The term “last will and testament” seems to have a somber, legal, and even boring tone, however, these famous people used their unusual Wills to make one final point or just to give their loved ones a chuckle. In life, these were unique individuals. Their Wills were no different.
1.) “Burn it!” said this philosopher who […]
The term “probate” gets thrown around quite loosely, but many people (even attorneys!) don’t always understand what “probate” actually means. To be fair, probate refers to a two different processes. First, you may hear that someone needs to “probate a will,” which means the act of filing a will with the court after a person […]
One thing that seems to fall to the bottom of everyone’s to-do list is taking the time to make a solid end of life plan, to include writing a living will. We know it would make things easier when we meet our inevitable end, but it can be difficult to think about and easy to […]
World renowned golfer, Arnold Palmer, died at the age of 87. He had won seven major championships in his career and is considered one the greatest golf players of all time. His company’s CEO confirmed the news of his passing due to complications from heart problems.
His death is a loss for golf lovers as […]
We’ve all seen the news of Brad Pitt and Angelina Jolie’s heart-wrenching breakup. We don’t speculate as to the cause of the breakup, but what we can expand upon is how this will affect them both as well as their children legally if they had named each other in their estate plans. Usually, after the […]
While thousands mourned the death of pop legend Prince, the most surprising thing for financial buffs was to hear that he had died without a legal will. Fast forward to today and famous and wealthy baseball player Jose Fernandez has just died. As unfortunate as it is, we have to ask what could happen to […]
Due to the marriage rate of persons age 25 and older decreasing and the rate of children born to women age 40 to 44 have increased, estate planning of people not married and without children should be addressed. Estate planning for unmarried individuals and those without children is very important because if you fail to […]