Creating Your Own Trust or Will?
Even Consumer Reports suggests working with an experienced estate planning attorney to make sure documents are correctly prepared.
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Even Consumer Reports suggests working with an experienced estate planning attorney to make sure documents are correctly prepared.
Dealing with the loss of a loved one is never easy. When inheritances, homes, estates and mortgages are involved, tensions can run high within a family. It is easy to get lost in the paperwork and terms.
Would your loved ones have necessary access to your bank accounts after you die to help carry out your last wishes and handle arrangements?
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Estate planning is a cornerstone of any healthy financial plan, but it can be difficult to discuss.
Your estate plan isn’t finished just because your attorney has drawn up a will. Proper asset titling is the next step.
My mom wants to leave her house to me, since I’m the only girl. My brothers may try and contest this in probate court. What can my mom do to be sure I receive ownership of the house upon her death?
My idea: put our accounts in my wife’s name and put the land in our children’s names. The way I figure it, when something happens to me, they won’t need to do any of that courtroom mumbo jumbo that costs a few thousand dollars. What’s your take on the workaround idea?
Unlike personal property, real property–such as real estate or automobiles–is titled to convey ownership.
I am the beneficiary on my father’s life estate deed of his home. He passed in October 2018. I am wanting to sell the house and have not filed a warranty deed to put the house in my name. Also, the life estate deed is via power of attorney because my father had Alzheimer’s and at the time of the preparation of the life estate deed, would not have been considered able to make such a decision.