You might think that after you die, someone reads your will and your executor divides your assets in a short period of time. However, this is not typically the case for most estates, and many undergo the formal probate process. According to the American Bar...
In addition to creating a solid estate plan, you must also select an executor to oversee processes related to your will. A will's executor has numerous responsibilities, such as dealing with probate matters, settling debts, and providing assets to heirs according to...
The success of your company relies on how you manage it and how you lead the business into the future. Of course, as a good business owner, you also want to consider what will happen to the business in the event that you can no longer drive it forward. Set up a...
Losing a spouse is already difficult enough. However, if they did not have an estate plan, you could find yourself facing even more struggles ahead. You need to grow familiar with intestate succession, and how your marriage will affect the division of assets and...
When selecting your executor for your estate, you will likely feel tempted to pick someone that you know, such as a family member. After all, who makes for a better executor than someone who knows you well? Unfortunately, though, just knowing you well is not a good...
Unfortunately, it is impossible to deny the fact that issues with wills and estate plans can potentially tear families apart. Even siblings will often fight each other over a parent's will. Is there any way to reduce the possibility of these conflicts happening when...
Looking for a long-term care facility is an important part of estate planning for many people. But the options and choices may feel endless, and a person may not have any idea where to start looking. Does the facility suit your needs? The National Institute on Aging...
Slip-and-fall accidents create a lot of chaos in the modern workplace. Any job, no matter how safe it may seem, has the potential for slip-and-falls to occur. To that end, the best way to prevent a slip-and-fall is to understand the primary causes and eliminate or...
When a person passes away still owing money, how do you handle that? Personal representatives of the decedent's estate must be the ones to take care of such matters. In most cases, beneficiaries do not receive their portion of the estate until after debtors get their...
In 2020 alone, about 66 percent of business owners retired early or accelerated their exit from the company. This serves as an important reminder: it is never too early to write a business succession plan. If a business owner does not have an established plan for...
