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Securing Financial Wellness After Receiving an Inheritance

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 […]

Executor of a Will An executor of a will takes care of the deceased person’s finances, which includes finding the will, taking an inventory of the estate, paying taxes and debts, and distributing remaining property among the heirs of the deceased. To help with this process, an executor may hire professionals such as an attorney […]

As elderly people get older, it’s crucial for them to prepare all of their legal documents to protect themselves in terms of health care and their finances. Sometimes when someone doesn’t clearly identify every detail of their finances or possessions within their will, the deceased’s family members will have to go to a Probate Court, […]

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Revocable vs. Irrevocable Trusts The difference between a revocable and irrevocable trust is simply stated: When you put money into a revocable trust, you can take it out again. When you put money into an irrevocable trust, however, that money becomes inaccessible: in other words, you can’t take it out again. Obviously, there’s a different […]

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Statutory Durable Power of Attorney A statutory durable power of attorney is a legal agreement, created by statute, that gives someone the power to act on behalf of someone else with respect to most matters with the notable exception of healthcare decisions . Healthcare decisions must be addressed by a Medical Power of Attorney, which […]