Adding your children to your bank account can have costly consequences. Your asset becomes their asset, which means creditors can take advantage of that.
Many people think they have a simple estate and do not need a will or estate plan. However, below are five common situations that turn a simple estate complicated.
Minor children. Minor children cannot inherit property, including monetary assets, outright, and must be held in trust until the child reaches the age of 18. Multiple […]
The value in an estate planning attorney can be a priceless asset with regards to drafting your final wishes in a will. Many people believe that wills are simple and you can create one yourself, or pay for one online for a cheap fee. Although those options may seem economical now, they can have […]
Owner’s title insurance protects your ownership rights in your property. Purchasing your home is a huge investment and you should take every precaution to protect it, that includes owner’s title insurance. Owner’s title insurance protects you from past events that are connected to your title. Typically, title issues are caught before you reach […]
There may be unintended consequences when you add your girlfriend or boyfriend to the deed to your house.
Is it a good idea to add your kids to the deed of your house?
There is a lot of misinformation that
surrounds wills, trusts, powers of attorney, and advance directives, but these
are the most common.
I have a will. I don’t have to go through probate.
Unfortunately, this is a common
misconception. A will does not avoid probate, but it makes the probate process
easier. Probate is the process of authenticating […]
I have many people tell me why they don’t need a will, or how they explained everything to their family so there is no need to write it down. This is the overwhelming belief with regards to wills and other estate planning documents. Unfortunately, telling your children how you want your estate to be […]