Many of our Estate Planning seek methods to help their family members become financially stable. A popular tool to minimize the tax implications, is to provide money to your loved one with an “intra-family loan.”
After a person dies, a probate estate may need to be opened to transfer property. This article will focus on the costs associated with opening a probate estate, transferring property, and closing a probate estate.
After a person dies, his or her real property may need to be sold or transferred to a beneficiary of the person’s estate. Real property includes homes, plots of land, or condominiums.
A Power of Attorney for Property document is a very helpful and very effective estate planning tool. You are able to name a person who can act for you in business and financial affairs.
In reality, many people think that a will is not necessary unless one has extreme wealth. However, a will can be useful if you have young children, and little assets, because you are able to nominate a guardian for your children.
Your agent will have a variety of duties to ensure that your financial matters and your property are managed properly.
The executor owes a fiduciary duty to the Estate’s beneficiaries. Accordingly, an executor is held to the highest standard of fair dealing and diligence when dealing with the Estate.
Elderly people are often victims of physical, emotional, or financial abuse. This article focuses on the financial abuse or exploitation of older individuals.
As people age, they become more susceptible to financial exploitation by those around them. Unfortunately, these types of incidents are becoming more common and represent a growing problem.
When a loved one dies, the family and friends who are left behind are often confused about their next steps. Amidst their grief, survivors must navigate unknown territory.