A Last Will and Testament allows you to name the family or friends who you want to be the beneficiaries of your estate. You may decide to designate specific items, such as your motorcycle or your favorite piece of jewelry, to individuals or designate that multiple possessions, such as a baseball card or art collection, are [...]
This past week was National Estate Planning Awareness Week. That means it is that time again to talk to your family members about your plans and find out what plans they have in place for themselves. One of the primary reasons that it is so important to create estate planning is to prevent your family [...]
Entrepreneur Magazine has published a great article about the importance of estate planning for entrepreneurs. The author of the article provides a personal account of what his family went through when his father, a long-time entrepreneur, died without having gone through any estate planning. As a small business owner myself, I know that we would prefer [...]
I encounter this question a lot in my estate planning practice. I am also asked if I can simply review a handwritten or typed Will that a client has drafted for him or herself. I’m not alone in refusing to review and approve documents drafted by clients. The majority of attorneys will refuse to give [...]
Any property that passes to a beneficiary through a Last Will and Testament or when a person passes away without a Will (intestacy) may be subject to probate. Probate is the administration of an estate by a personal representative (also called Executor or Executrix) and monitored by the Clerk of Superior Court in the county [...]
