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Probate and Estate Planning Archives

Knowing when and how to contest a will in probate

Thinking about contesting a will during probate is a fairly common part of the process for many. Of course, the standing of the objecting party will have a lot of bearing on the matter with children of the decadent ranking much higher than a distant cousin once promised something. 

Estate planning and special assets

The internet has made it easier to sell or determine the value of collectable objects. Nevertheless, families may have no idea what the value of some old stamps, rare books, comic books or even that vintage car. Perhaps a parent was a little self-conscious about how much they spent on pieces of art, or they simply saw no need to share the monetary value of their vinyl record collection.

A good will avoids fights later

The death of a parent or loved one can be a hard and deeply emotional experience. Moreover, it becomes more complicated if there is no will, or one that is poorly written. Experts always advise people to put some real thought into a will and work with an estate law attorney to address issues that go much further than dividing the furniture.

Tim Conway’s family at odds over care of actor

Tim Conway is known for his goofy antics and oddball characters in films as well as on television shows, particularly as a member of the Carol Burnett Show cast. Sadly, the 84-year-old actor now suffers from an advanced form of dementia and lives elder care facility.

Biggest beneficiaries to tax overhaul not yet born

The overhaul of the tax system has lowered the rates on some and raised rates on others. It’s much too complex to give sweeping thumbs up or thumbs down for many groups. But an article in Bloomberg has pointed out that a new law doubles the amount of wealth that can be passed to an heir, raising it to $22 million without having to pay estate or gift taxes. As of now, however, there is a window until 2025 where this can be done.

Planning your estate? Use these tips to avoid the probate process

Probate is the process in which a court oversees the distribution of your property after you are deceased. During probate, any of your outstanding debts will be addressed and your assets will be distributed according to your will.

How will the tax overhaul affect your estate planning?

Death and taxes are two things that no one likes to think about. According to the old saying, however, they are the only two things that are certain in life. Taxes have been on many people's minds recently due to the massive tax overhaul passed by the Trump administration in December of last year.

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