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After your death, your estate may enter probate, administering your assets based on the law and your wishes documented in your will or other legal documents. As the process begins, the court will appoint someone as your estate's representative or executor. This person...
The moment you are legally an adult (18 years old), you become responsible for yourself and the significant decisions regarding your life. However, most young adults do not prioritize creating an estate plan because they might think it is only necessary once they have...
If you come across a foreclosed property priced lower or offers a discount compared to other properties in the area, it may boost your return on investment and minimize the risk of financial loss. However, there are other factors to consider to ensure you're making a...
A healthcare power of attorney (HCPA) is a crucial legal document that grants authority to someone you trust to make healthcare decisions for you if you become incapacitated – perhaps due to illness or injury – or if you are otherwise unable to communicate your wishes...
Succession planning is a vital element of estate planning for business owners. It involves preparing for the future of your business if something should happen to you. A comprehensive and effective succession plan should allow you to ensure the success of your...
For many people, buying a home is a large milestone in their life and an investment in their future. After searching for the right property, you have decided to set down roots and settle in your new community. The importance of this purchase for you cannot be...
Losing a loved one is a painful experience, but it also brings about a number of administrative tasks. You’ll likely have to arrange the funeral, notify other family members and friends, and settle your loved one’s estate. The fact that the decedent chose you as...
Many people turn to estate planning to reduce costs associated with probate, the process wherein the court distributes a decedent’s assets to their heirs. Living trusts are among the most useful for this purpose among the different estate planning tools. What are the...
Probate is the legal process in which the court distributes the assets you leave behind after your death. It happens whether you have a last will. The court generally does its best to honor your wishes if you do. If you do not, the court usually distributes your...
The Sunshine State offers more beyond its beautiful beaches and warm weather. Beneficiaries in Florida who are expecting an inheritance are relieved to learn that there is no inheritance tax to pay. Still, there are other taxes that certain types of inherited property...
