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Probate and How to Avoid It

In the world of estate planning, there is something known as “probate,” that many people wish to avoid. Probate is simply the court-supervised process of overseeing and distributing property after one’s death, mainly revolving around three main issues: determining the final wishes of the deceased, paying their debts, and disbursing their assets to their beneficiaries. During the probate process,…

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What is a Healthcare Surrogate?

In the estate planning world, there are many designations that are good to know. Because many people go into estate planning in order to get valuable peace of mind, understanding the individuals and legal rights you may give them is critical. Many of us worry about what will happen if we are suddenly injured or incapacitated, from a traumatic…

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Estate Planning 101: 3 Reasons to Create a Will

The best way to ensure that your wishes will be honored after your passing is to create a throughout estate plan with an experienced attorney. A key component of any estate plan is a will. A will is legal document which allows you to distribute your property and assets after your death. Without a will in place, your family…

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Pitfalls of Online Will Creation Programs

It is tempting to use an online will creation program for creating your Last Will and Testament.  There are a few programs out there and they will tell you that the Last Will and Testament created is as good as one written by an attorney and for a much cheaper price.  However, the quality of the Last Will and Testament created…

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Children After Executing Will (Pretermitted children)

Congratulations!  You have done two amazing things – you brought a wonderful child into your life and you planned for the future by creating and signing a will.  Now you are wondering if you need to do a new will and what happens if you don’t.  These are great questions. First, you should do a new will because it…

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Should I do a POD or TOD on my accounts?

Many people hold financial accounts that have payable on death (POD) or transfer on death (TOD) designations where you can select who gets the account upon your passing. The question that arises is should you use them? The answer is maybe or maybe not. A POD and TOD can be a great tool to distribute financial assets upon your…

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Do I need a Will?

A will is an essential document for every adult. A will provides direction for what to do with your items after you pass. You can decide who is in charge of your estate, who gets your prized possessions, which charity should get the remainder of your belongings, or how to divide monetary assets. Wills can create trusts so that…

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