You are not required to discuss your estate planning with anyone else. You don't have to talk to your heirs, even if they're going to inherit assets from you. Many people will do this entirely on their own, thinking of it as a rather private process. That's fine if...
Intellectual property (IP) is a concise way of referring to intangible assets or property arising out of a creative process. It can be a secret cookie recipe that made your bakery famous or a patented invention your company produced. Those who own IP may pass the...
Probate is the legal process of administering and settling an individual's estate after their death. It entails taking inventory of the estate, paying outstanding debts and distributing assets to their respective beneficiaries as the will stipulates. Unfortunately,...
Most of what you do to your estate plans will focus on asset distribution. You’ll likely name beneficiaries to inherit some or all of your assets. Furthermore, you’ll name an executor of the estate to handle will validation, asset distribution and contracting...
Estate planning allows you to plan the distribution of your estate after you pass away. Unfortunately, you may find information online that may confuse you when making an estate plan. Here’s what you should understand: Debunking common estate planning myths Myth 1:...
If your loved one left a will, it must pass through probate before the estate is distributed to the beneficiaries. A lot happens during this court-controlled process, from validating the will and appraising estate assets to clearing outstanding dues such as taxes or...
The businesses you own are part of your overall estate, yet some tend to keep business matters separate from other issues, even in their estate plans. It makes more sense to address business succession in your estate plan since your company is an asset. Bundling...
The entire process of administering a person’s estate is known as probate. It involves validating the will and appointing or approving an executor before assets can be distributed to the beneficiaries. Given its importance, it is necessary to understand the ins and...
If you are in charge of executing someone’s estate, you may be worried about how long probate is taking. What’s more, you might feel that the beneficiaries are breathing down your neck, impatient to get their inheritance. There is only so much you can do, and the...
If you have worked hard your entire life and acquired a fortune, you want to pass down as much of it as possible to the people and causes you care about when you die. This is where estate planning comes in. With a valid will, you can articulate your wishes on how you...
