Whether or not you have an estate plan in place, you likely have heard the term “probate”. Probate is the legal process by which a deceased individual’s assets are distributed under court supervision. This process is necessary to distribute assets that are solely in the name of the deceased person. Probate is governed by state…
Approximately half of America’s population over the age of 18 are not married. While much of the discussion involving estate planning focuses on married couples, this topic is just as important for a single person. In fact, many times it’s even more important that a single person have a well-coordinated estate plan because the default…
Many people think that if they die while they are married, everything they own automatically goes to their spouse or children. They’re actually thinking of state rules that apply if someone dies without leaving a will. In legal jargon, this is referred to as “intestate.” In that case, the specifics will vary depending on each…