Some assets do not require probate court in order to pass to a living person. They can be passed directly to the beneficiary, with no probate order needed. Examples of non-probate assets Life insurance, retirement accounts, brokerage accounts. If you have these types of a accounts and have properly designated a beneficiary, that person should be able to get that money distributed directly … [Read more...] about Non-Probate Assets
wills and probate
Abra esta publicación para ver el enlace en español. If you are reading this because a loved one recently passed, or is very ill, we extend our heartfelt sympathies. We hope that in some small way, having information about this difficult situation can help ease your worry just a tiny bit. If a loved one has died due to Covid-19, or during this pandemic, you may be wondering what to do. … [Read more...] about Covid-19 Tip # 17: What if you Need to File for Probate During Covid-19?
If you have a Last Will and Testament that was created before your child turned 18 years old, you may now want to consider updating it. Updating a will can be done by either 1) having a new will that takes the place of the old one; or 2) doing a "codicil" which is a specifically worded and witnessed legal document that attaches to the current will. Once your child is an adult, you can … [Read more...] about Should Your Adult Child Now be Named as Executor of Your Will?
If you are caring for a loved one who is ill and worrying about the future, here is some information that may help you. It can be difficult to know how to divide your time when a loved one is terminally ill. Providing for their medical and emotional needs comes first, and then you also must find some time to take care of yourself. Very often, the "business end" of things is an ever-present … [Read more...] about What to do When a Loved One is Terminally Ill