By Ed Sherman Going through a divorce is no fun for anyone, but children are especially vulnerable. Divorce specialist attorney Ed Sherman reveals in his book Divorce Solutions: How to Make Any Divorce Better, the following 10 things you can do to make a big difference in how well your children survive. 1. Tell children…
“What About Me?” (W.A.M.) is a program designed for children of divorcing parents. This VOLUNTARY class addresses various issues facing children during this difficult time. For ages 5-12, this course helps teach children how to cope with the changes and how to communicate better with their parents. The class is broken down into two age…
Who will be the person or institution responsible for administering your estate through probate? [This article] spells out what the executor does, but the most important thing is that you pick someone who is financially responsible, stable, and trustworthy. The law requires an executor because someone must be responsible for collecting the assets of the…
Whenever a person dies, his or her estate needs to be collected, managed, and distributed. Estate administration involves gathering the assets of the estate, paying the decedent’s debts, and distributing the assets that remain in the estate. In recent years, state legislatures have attempted to reduce the complexity of estate administration. Currently, about 20 states…
Following is an explanation of commonly used words and phrases related to estate planning and probate. AB Trust – A trust designed to make sure the personal estate tax exemption of each spouse (currently $1.5 million) is used to the fullest extent possible, while allowing the surviving spouse to have use of the assets of…
The probate process serves the vital purpose of ensuring that an individual’s estate is properly distributed to his or her creditors, heirs and beneficiaries. But, the probate process can be slow and can often tie up estate property for several months. Probate may also be costly, with certain fees being paid out of the estate…
Supervised: The most formal and expensive method. The court plays an active role in approving each transaction. In states where it’s optional, supervised administration is used for contested estates, when an interested party requests it, or when the executor’s ability is questioned. Unsupervised or independent: A simpler, cheaper method in which the number of duties…
Introduction The legal process of transferring of property upon a person’s death is known as "probate." Although probate customs and laws have changed over time, the purpose has remained much the same: people formalize their intentions as to the transfer of their property at the time of their death (typically in a will), their property…
If you are a responsible family member of a deceased person who died without a will or have been named as the "executor" or "personal representative" in a deceased person’s will, it is advisable that you seek the counsel of an experienced probate lawyer to help you through the probate process. In order to do…
Confidential Adoptions Mediated (Semi-Open) Open Adoptions No contact between birth and adoptive families. No identifying information is provided. Only nonidentifying information (e.g., height, hair color, medical history, etc.) is provided through a third party (e.g., agency or attorney). Nonidentifying contact is made (via cards, letters, pictures) through a third party (e.g., agency or attorney). Direct…
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When it comes to estate planning, there are 5 ridiculous myths that could cause your plan to crumble and fall apart when your family needs it the most.
Whether you already have an estate plan or you have ZERO documents in place, this report will help you identify common myths and mistakes so that you can FIX any problems, make the right decisions and properly safeguard the people and things you love.
BEFORE YOU GO ONE STEP FURTHER WITH YOUR PLANNING….
Download this free special report from attorney Steve Worrall and discover:
• The most common reason why estate plans FAIL when families need them the most (…this can happen no matter how much you paid or how great your attorney was!)
• Why estate planning is not just for the rich or elderly, and the bare minimum documentation every adult over 18 needs in place
• Why your kids may still end up in the care of social services, even with guardians named, if something happens to you
• One common oversight that may force your estate into probate, even though you have a rock-solid trust in place
• Why your family may not be able to honor your most private health care wishes if something happens to you
• …and more!
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National Healthcare Decisions Day is on April 16th, and it’s an important reminder for every adult to let someone know their most private wishes about medial treatments and possible end-of-life care. Far too many people assume that their families would make the choices they would want in an emergency. Yet everyday we hear stories of…