Why is Probate So Bad?

Probate is a term that many are aware of but do not fully understand. The term probate refers to the process that occurs after a person passes away and his or her assets are disposed of. The reason probate is tied to estate planning is because when no planning is done, the laws of the state govern how assets are distributed. A person who is hardworking, honest, and has limited assets may make the mistake of relying Read More

Authors Affected by Probate Mistakes

In recent years, several authors have experienced commercial success that most aspiring authors can only dream of achieving. In February of 2018 the final film in the Fifty Shades trilogy based on the book series of the same name premiered, earning $322.9 million in less than a month.  The book series and its adaptions have earned author turned producer E. L. James an estimated $95 million. Much adapted author Read More

How to Avoid a Probate Debacle

Probate is an extremely public legal process that slows down the transfer of assets while leading to additional expenses for your estate. Without proper estate planning or the help of a probate attorney your estate value can be put on display, and in some cases, the amount of property or money left to your heirs is drastically reduced. The stress of probate has led to some famous meltdowns and highly publicized court Read More

When Should I Contact a Probate Lawyer for Help?

After a person passes away, the probate process is used to conclude all of the deceased’s financial and legal affairs. Probate court overseas the distribution of the estate using a will or the laws of the state if there is no will. In theory, probate is meant to be a straightforward process, and over the years it has evolved to make things easier for people who are not familiar with probate. Unfortunately, probate Read More

Why Your Estate Planning Attorney Must Know About Your Prenup

On November 8, 2017, the three adult children of a property developer discovered that their late father’s prenuptial agreement was not considered valid. The ruling came after a three-year dispute over their father’s multimillion-dollar estate initiated by his 36-year-old widow. Before marrying his young wife, the property developer insisted on having a prenuptial agreement signed solely to protect his estate so that Read More

Do Not Overlook These Key Beneficiary Designations

In January 2008 director and Academy Award winning actor and Heath Ledger passed away at the age of 28. Unlike the majority of young adults, the actor did have a will, but he failed to update beneficiary designations after the birth of his only child in 2005. While Ledger’s family did eventually gift the estate to his young daughter, their actions are not as common as one would hope. Often a failure to update Read More

How Executor Mistakes can Impact Your Estate

The role of an estate administrator also referred to as an executor, is to ensure that the deceased’s final wishes are followed and all of the legal obligations of the estate are fulfilled. Being chosen as an executor is considered an honor, but it is also an extremely difficult task that can lead to major problems if things are not done correestate-relatedebrity turned politician Sonny Bono passed away unexpectedly, Read More

Do Not Overlook Intellectual Property Rights

Fats Domino, one of the most well-known pioneers of rock ‘n’ roll, passed away on October 25, 2017 in his Louisiana home. With songs covered by both Paul McCartney and John Lennon, Fats Domino’s music influenced multiple genres. The famed musician and his wife (who predeceased him in 2008) left behind eight children and a large discography that included 35 Billboard Top 40 albums. Following the announcement of his Read More

Top Four Reasons Young People Need Wills

Multiple studies and surveys conducted throughout the United States have revealed that over 60% of adults do not have a will. When actor Paul Walker passed away in 2013, many fans were surprised that someone so young had a detailed estate plan in place that was created three years after the birth of his only child. The average adult under the age of 40 does not have a will and commonly cited reasons for not having an Read More

How to Spot Executor Fraud

Choosing a person to manage your estate is one of the most difficult and crucial tasks associated with estate management. Unless your estate is properly administered, it is impossible to know whether or not your final wishes will be respected, and choosing the wrong administrator could lead to executor fraud. Tom Carvel, the founder of Carvel Ice Cream, credited for the creation of soft serve ice cream, left behind a Read More