Do Stepchildren Inherit?
My spouse passed. I have stepchildren who want a percentage of the profits from selling our house. What are they legally entitled to with no will?
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My spouse passed. I have stepchildren who want a percentage of the profits from selling our house. What are they legally entitled to with no will?
Is there a person on the planet who doesn’t love the Peanuts characters? Snoopy, Charlie Brown, Lucy, Pigpen, Schroeder, and the gang are the iconic creations of Charles Schulz. In fact, it is still so popular that they earned Schulz’s estate $32.5 million over the last year, two decades since his death due to cancer.
When dealing with the emotional pain of the loss of a loved one, family members also have to address daunting administrative tasks.
There are continuing misconceptions regarding what powers are held by a personal representative and when he can exercise them.
Probate and trust administration are not the same. There are important differences and similarities between administering a decedent’s probate estate and administering a decedent’s trust estate.
When a member of your family dies, you could be left to pick up the financial pieces. Finding all the information you need can be challenging.
Generally, when settling an estate, debts and expenses are paid first, charitable and spousal transfers follow, and applicable estate taxes are levied afterward.
When a loved one dies leaving property, debts and a mortgage, and if he did not have a living trust, probate is required to sort everything out.
If a person makes a Will when he does not have the mental capacity to make a Will or when he is so dominated by another that he can’t make the Will that he wants to make, a Will contest often results.
A trust can be a vital component in an estate plan.