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The Workings of Probate


When a loved one dies, family members are left with the task of handling the financial affairs of the deceased individual, referred to as the decedent. This includes settling debts, paying owed taxes, distributing the decedent’s property, and closing out bank accounts. These activities fall under the legal process called probate. State laws vary with » Read More

 

Establishing Guardianship


It is important for parents to establish guardianship for their minor children. Although it is difficult to think about, if something happens to you and your child’s other parent, you should ensure that someone you trust will take care of your child. Naming a guardian in your will or testament greatly increases your chances of » Read More

 

Financial Planning Month


Achieving financial goals is more attenable for people that carefully plan out specific steps and put them into action. It is good to save money, but the constant rise in the cost of living necessitates investing, documentation, and tax planning. October is Financial Planning Month, and it is a great time to either get started » Read More

 

Attorney Matthews Offers Continuing Education on Estate Planning


Recently, Guy F. Matthews, attorney at Eckell Sparks, led the Estate Planning 101 seminar sponsored by the Retirement Prosperity Group. Mr. Matthews offered guidance on wills, trusts, probate, powers of attorney, and more to a standing room only crowd. As part of the event, attendees were offered free consultations on the varied aspects of estate » Read More

 

Estate Planning and Cryptocurrency


With the rise in popularity and use of cryptocurrency comes the need to include such investments in estate planning. However, cryptocurrencies such as Bitcoin are more secretive in nature than traditional investments, resulting in the need for awareness and creativity on the part of estate planning lawyers. Currently, cryptocurrency exchanges do not require your personal » Read More

 

Estate Planning Under the New Tax Law


The tax bill passed by Congress in December of last year, known as the Tax Cuts and Jobs Act (TCJA), was the first revamp of the tax code in many years. One of the major changes made was an increase to the exemption amount allowed from estate tax. Prior to bill’s enactment, heirs to an » Read More

 

Estate Planning Mistakes to Avoid


Even if you believe that you do not have the assets to justify creating a final will and testament, establishing an estate plan can save you a lot of trouble in the long run. Not only will it allow you to make informed decisions concerning your assets, but it will allow you to avoid potential » Read More

 

How to Contest a Will


Emotions can run high following the death of a loved one. In some circumstances, surviving family members of a deceased individual may question the validity of the deceased’s will. Whether the survivors believe the will is incorrect as a result of a drafting mistake or the consequence of a wrongdoing, they may seek to challenge » Read More

 

Roles of Estate Administrators, Trustees and Executors


When someone that you care care about passes away, not only do you have to process the emotional pain caused by your loss, but you may also be responsible for managing their affairs. After a person passes away, a personal representative is responsible for managing their financial and other affairs. This person can be selected » Read More

 

Avoid Probate Mistakes


Probate is the legal process that takes place to determine the validity of a deceased person’s will and how that person’s assets will be distributed. Estate administration and planning can be a complicated process and sometimes people make mistakes. For this reason, it is critical to hire an experienced and reputable wills and estates lawyer. » Read More

 

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