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 moreThis year brings big changes to estate tax, making it more important than ever to engage in estate planning strategies. One of the primary changes is the exclusion amount which declines from $5.12 million to $1 million. Another is the tax rate which increases from 25 percent to 40 percent. Not only do estate tax […]
read morePreparing a Will and Testament is one of the best final acts a person can do for their family. Any time someone passes away without writing a Will their relatives have to make decisions they usually aren’t prepared for. Writing a Will and Testament isn’t a difficult process and offers many benefits. First of all, […]
read morePeople find trusts one of the most confusing aspects of estate planning and with good reason. There are various kinds of trusts used to address individuals’ unique needs. Some are to protect inheritance for young children, others are needed for business owners, and yet others are setup to offset estate taxes. Most people setup trusts […]
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