by Janel C Frank | Apr 15, 2021 | Estate Planning
Probate has a bad name. And most people don’t want one, much less two (or more). But there are instances in which more than one probate proceeding can be necessary. If you die owning real property in a state other than the state in which you are domiciled, a second...
by Janel C Frank | Apr 15, 2021 | Estate Planning
There are additional reasons why having a Will is a good idea. Wills generally include a guardianship clause when parents have minor children. This clause allows the parents to name the person they want to serve as guardian should the parents die while their children...
by Janel C Frank | Apr 15, 2021 | Estate Planning
Probate assets are any assets that require a probate proceeding in order to pass to the intended heir or devisee (if the decedent had a will) or the individual entitled to receive the property under the laws of intestacy (if the decedent had no will). Probate assets...
by Janel C Frank | Apr 15, 2021 | Estate Planning
A Revocable Living Trust can be a good estate planning option if the primary goal of your estate plan is to avoid probate and to provide a means to manage your assets should you become incapacitated. Transferring your property into a Trust, including a Revocable...
by Janel C Frank | Apr 15, 2021 | Estate Planning
A question that is often asked in the estate planning context is whether a Last Will and Testament (“Will”) is actually needed. The answer, like all things in life, is it depends. It is possible, depending upon your assets, how those assets are owned, and your family...
by Janel C Frank | Oct 6, 2018 | Estate Planning
Probate is the legal process by which assets are transferred out of a deceased person’s estate to his or her heirs and devisees. Probate is required in any state where real property is owned solely or as a tenant in common by the decedent. In addition, in North...
