Receiving an Inheritance After a will has been presented, or the court has ordered an intestate succession, an estate’s assets are distributed amongst beneficiaries, such as a spouse and children. The division of assets is one of the most important parts of estate planning and the probate process, and receiving an inheritance during the highly […]
Main Takeaways: A revocable trust is a trust where the money stays liquid; it can be taken out again. An irrevocable trust is a trust where the money cannot be taken out again. A revocable trust often becomes irrevocable after the death or incompetency of the person who sets up the trust, making it a good option […]
While most of us don’t like to contemplate a time when we cannot make decisions for ourselves, the reality is that many people may become incapacitated at some point in their lives. In these situations, it is helpful to have legal documents in place that empower others to make those decisions in your best interest. […]