If you are a golfer, club selection is very important to you. The use of the proper tool as it were can make all the difference, and this is also true when you are planning your estate. Many people assume that a Will is the best choice if you are not extremely wealthy, but there are many good reasons why you may want to use a living trust instead. Let's look at the facts. Living Trust Advantages A living trust can provide benefits that a Will would not. You have more flexibility with regard to … [Read more...] about Are You Sure a Will Is the Best Choice?
Probate
Free Report: Can Northern California Probate Be Avoided
If you are thinking that the probate process does not sound very appealing, you are not alone. People often seek out avenues that facilitate asset transfers outside of probate when they hear about these drawbacks. It is possible to be proactive about the implementation of probate avoidance strategies. There are various different ways that you can get assets into the hands of your loved ones outside of probate. Topics covered in this report include: Avoiding Probate Click here to read … [Read more...] about Free Report: Can Northern California Probate Be Avoided
Is Probate an Absolute Requirement?
You may have heard that your estate must pass through probate after you pass away, and that there is really no easy way around it. This is not necessarily true. There are certain types of asset transfers that would not be subject to the probate process. These transfers could take place organically, even if you are not intentionally trying to avoid probate. Let's look at a few of these probate-free asset transfers. Payable on Death Accounts If you were to open an account at a bank, you would … [Read more...] about Is Probate an Absolute Requirement?
Is There a One-Size-Fits-All Estate Plan?
Instant gratification has become the expectation in many cases during our current era, and this is largely due to the emergence of the Internet. Without question, the fact that you can obtain information about anything with the click of a mouse is a very good thing, but there are some pitfalls to avoid. From a commercial perspective, there are many different offers out there. The idea is that you can sidestep the need for professional assistance if you use simple tools that are offered online. … [Read more...] about Is There a One-Size-Fits-All Estate Plan?
Is Probate Always a Problem?
When you look into the subject of estate planning, you will hear a lot of things about probate. This is the process of estate administration. If you use a Will to state your final wishes with regard to your personally held property, the Will would be admitted to probate after you pass away, except for very modest estates. The probate court would supervise the administration of the estate. In the Will, you name an executor, and this individual would handle the business of the estate under the … [Read more...] about Is Probate Always a Problem?
What Is Estate Administration?
Estate planning can seem like an exercise in document creation. Indeed, you have to state your wishes in writing in one way or another. However, estate administration is another facet that you should consider when you are devising your estate plan. Last Will If you use a last will to serve as a vehicle of asset transfer, the person who will administer the estate is called the executor or personal representative. We should point out the fact that a female estate executor is sometimes referred … [Read more...] about What Is Estate Administration?
Intestacy in Northern California: Part1
Intestacy in Northern California: Part1 from Timothy Murphy A probate court will supervise the process through which your property is distributed to new owners The person responsible for actually taking control of your property and giving it out is called an executor, estate administrator or personal representative. Learn more about Intestacy in Northern California in this presentation. … [Read more...] about Intestacy in Northern California: Part1
Are All Asset Transfers Subject to the Probate Process?
There is a legal process called probate that comes into play under many circumstances when assets are being transferred after someone dies. One way to describe probate property would be property that was in your sole, direct possession at the time of your death. Every asset transfer would not be subject to the probate process, because property that is being transferred may not fit the above description. Let's look at some types of asset transfers that would not be subject to the probate … [Read more...] about Are All Asset Transfers Subject to the Probate Process?
What Is Northern California Probate
What Is Northern California Probate from Timothy Murphy There are a number of different probate avoidance strategies that can be implemented. If you would like to learn more about probate, contact our firm to schedule a free consultation. … [Read more...] about What Is Northern California Probate
Is Northern California Probate Always Required?
Is Northern California Probate Always Required from Timothy Murphy Probate is a legal process that you should be aware of when you plan your estate. Learn more about Northern California probate in this presentation. … [Read more...] about Is Northern California Probate Always Required?
