Probate court is primarily recognized for overseeing settlement proceedings of decedents’ estates. However, this court also handles legal issues pertaining to minor aged children, the elderly, and individuals with psychiatric or intellectual disabilities. The role of probate court is to protect the rights of individuals and ensure probate laws are followed during estate reconciliation. Although […]
read morePeople often feel they don’t need to hire an estate attorney and try to handle matters on their own. While it can be tempting to go it alone, it’s advisable to consider the ramifications if estate planning documents aren’t properly executed. The cost to hire an estate attorney is far less than the cost to […]
read moreA child trust fund can be established to set aside funds for college tuition, living expenses, healthcare costs, and to pass along family inheritance. Since there are various types of trusts it is recommended to consult with a lawyer to discuss overall goals and tax advantages. Prior to arranging a child trust fund to fund […]
read moreBusiness owners who fail to engage in business succession could find themselves in a dire situation if emergencies arise. This strategy is especially important to sole proprietors and small business owners because it authorizes a person to take control and keep the company afloat. Setting up a business succession plan isn’t difficult, but does necessitate […]
read morePeople who engage in strategic planning put together a portfolio of services that protect assets and transfer wealth at the end of life. Taking time to plan ahead can reduce estate taxes and ensure heirs receive inheritance without having to endure probate. If you’re like most, you feel overwhelmed by the task of strategic income […]
read moreEvery business owner should engage in succession planning and prepare for the future of their company. This strategy is needed to identify key personnel who will take over at a later time and ensure the company continues to grow when senior management retires or moves on. Owners who engage in succession planning have a much […]
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