It’s important to have a plan. If you don’t have a plan, your state law dictates who gets your property and makes decisions for you. Read on to learn more about a heart-breaking story of someone who didn’t plan and the consequences.Planning is Critical … [Read more...]
Aretha Franklin Died Intestate: What Does It Mean for Her Family?
Aretha Franklin died intestate. Intestacy has definite drawbacks. Read on to see what this means for her family, financially and in other ways. Aretha was the Queen of Soul, but her lack of planning caused consequences she did not consider.Aretha Franklin Died Intestate: What Does It Mean for Her Family? … [Read more...]
Estate Planning is for You, Not Just Your Parents or Grandparents
If you’re young and unmarried, do you really need an estate plan? The answer is “yes,” if you care what happens to you and your stuff. Read on to find out how an estate plan can help someone who is young and unmarried.Estate Planning is for You, Not Just Your Parents or Grandparents … [Read more...]
Lack of Planning May Enrich State of New York
When you go through life without an estate plan you are taking certain risks. If you were to pass away without executing a last will or some other type of estate planning document such as a trust the state would ultimately be charged with the responsibility of distributing your assets.There are laws of intestacy succession that would be followed. Each state has different laws regarding the exact details, but the succession rules are going to make your closest relatives the heirs to the … [Read more...]
What Will Happen to My Property If I Die Without a Will or Trust?
Many people do not prioritize estate planning. They are busy with their day-to-day lives and they reason that they will have time to think about estate planning at some point in the future. In fact, surveys consistently find that most American adults don't have an estate plan in place. This is particularly true among younger people.Have you ever wondered what would happen to your property if you died without a will or trust? Dying without leaving behind any type of instructions to guide the … [Read more...]
Intestate Succession Laws in Hartford: What Happens if I’m Single When I Die?
Many people put off estate planning until the bitter end. Sometimes they do in fact have the opportunity to put an estate plan in place late in their lives. In other cases, individuals who have procrastinated wind up passing away before they have executed the appropriate estate planning documents.As you might imagine, estate planning procrastination is more common among younger people than it is among older adults. While this is understandable, people do pass away at all ages each and every … [Read more...]
