After you pass away, there will be things that you plan to leave behind to close friends and family members. It can be cash, property, or even a family heirloom that you want to pass down to someone important to you. If you have not done any estate planning by creating a trust, your entire estate may have to go through the probate process. It is a complicated legal process that involves proving that your will is real, identifying your property, paying any debts that you owe, and then distributing what is left.…
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Making plans for your estate can be a sobering undertaking. Choosing who will get your belongings and other similar decisions can be challenging and stressful. In fact, you may become so emotional during estate planning that you may overlook key actions you should take in order to keep your loved ones and family out of probate court when you’ve passed on. Ask yourself the questions below to be confident that you’re doing everything possible to protect your family after your death.…
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A will is a will, right? Wrong. The most commonly known type of will is the simple will, but there are several other types to choose from. If you are planning on creating a will, know your options before picking one.
The Simple Will
You might hear the simple will referred to as a statutory will. It is the most basic, cookie cutter document. Designed to fit almost everyone, it is best suited for people who have small, simple estates.…
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