Privacy is important, especially in today’s world. Learn how estate planning can enhance or reduce your privacy. Read on to find out more. Basics of Estate Planning: Privacy and Estate Planning … [Read more...]
Download Our Report on Trust Administration
Trust administration is something to take into account when you are making preparations for the future. Creating a revocable living trust can indeed be a very useful alternative to a last will as a vehicle of asset transfer. One of the major advantages is the fact that these trusts enable asset distributions outside of the process of probate. When you use a last will to state your wishes the estate must be probated, and this can take a considerable amount of time. In addition, there are … [Read more...]
Probate in Connecticut: Can It Be Avoided?
Everyone has heard of the estate planning document called a last will. If you maintain personal ownership of your property and arrange for its transfer after your passing through the terms of a will, probate will be a factor. The process of probate in Connecticut is something to be aware of when you are planning your estate. Click here to read the whole article or download the PDF. … [Read more...]
Discuss Probate With Executor
You must be aware of the process of probate when you are planning your estate and take steps to prepare for it intelligently. If you think about it logically the typical individual who passes away may have taxes, debts and other types of financial relationships that are still outstanding. Because of this the powers that be must provide a forum within which these matters can be resolved before the heirs to the estate receive their inheritances. This is what the probate process is all about. You … [Read more...]
Simplified Probate Possible for Smaller Estates
There are a number of different reasons why experts advise people to think twice before they try to use DIY downloads to create estate planning documents like last wills. One of them is the fact that an estate must be probated in a particular jurisdiction after someone dies. During this process the local probate court supervises the administration of the estate. Every state is unique, and they have different probate statutes. As a result, if you live here in the greater Hartford area your last … [Read more...]
Probate & Trust Administration
Estate planning involves the execution of legally binding documents as we all know. However, there is also a human factor to take into consideration. When you pass away the documents that you executed are not going to do a thing until someone sets the wheels into motion. If you use a last will to state your final wishes the executor will be charged with the hands-on tasks involved in administering the estate. People who use trusts must consider the matter of trust administration. Someone must … [Read more...]
DNA Testing Ordered in Hemsley Case
We previously posted about the disputed estate of Sherman Hemsley and we have an update to pass along. The comedic actor passed away on July 24 at the age of 74. Hemsley, who is best known for his role as George Jefferson on the classic sitcom The Jeffersons, had never married and had no children. He executed a last will that left everything to his longtime partner and manager Flora Enchinton. In fact, the verbiage of the will referred to Enchinton as his "beloved partner" according to … [Read more...]
Probate Avoidance Is Often an Estate Planning Goal
We try to educate people about some of the intricacies of estate planning because many individuals go forward with certain misconceptions. They don't understand the value of comprehensive estate planning because they don't know all the facts. Imagine a mental picture of a family getting together after a funeral. Someone takes control of the proceedings and reads the last will of the deceased. Everyone then receives inheritances and the matter is closed, right? In truth the above is a mythical … [Read more...]
Wondering About Probate? Get the Facts
The process of probate is something that you should take into consideration when you are planning your estate. You may envision a somber meeting among family members where the last will of a deceased individual is read. In fact, things do not stop there. The estate must be probated when a last will is used to state the final wishes of someone who passes away, and you would do well to understand some of the details. To this end we have created an informative free report that we are offering to … [Read more...]
How Long Does the Probate Process Take?
The probate process comes into play when you are in direct personal possession of property after you pass away. As a Connecticut resident, if your estate is valued at less than $40,000, you could potentially qualify for a simplified probate procedure. Otherwise, your estate must pass through the full probate process unless you take steps to arrange for asset transfers outside of probate. There are certain drawbacks that go along with the probate process. One of them is the fact that probate can … [Read more...]
