By Brian Figeroux, Esq. | Editorial Credit: Ragma Images / shutterstock.com A Transfer on Death Deed (TODD) is an estate planning tool that allows real property to pass directly to designated beneficiaries upon the death of the owner, without the need for probate. While TODDs are available in many ...
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Benjamin Franklin once remarked, “Nothing in this world is certain except death and taxes.” This timeless quote holds particularly true in the realm of co-ops and condos, where the death of a shareholder or unit owner can have significant implications for the building or association. Bey...
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Step-siblings often navigate a unique blend of relationships in the complex tapestry of family dynamics. Sometimes, these bonds are as strong as those shared by biological siblings, built on years of shared experiences and mutual understanding. Yet, in other cases, they can be fraught with tension, ...
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Keeping your will safe and accessible is crucial to ensure that your final wishes are honored and your estate is managed according to your desires after passing. While the decision of where to store your will ultimately depends on your personal circumstances and preferences, several standard options...
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In the intricate tapestry of life, there are moments when our actions ripple beyond the boundaries of our existence, leaving an indelible mark on the world. One such profound gesture is the act of including a faith-based organization in one’s last will. This testamentary act reflects the indiv...
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By www.AsktheLawyer.us When someone passes away without a will (intestate), the estate distribution process is typically governed by state laws. The specific process can vary depending on the jurisdiction, but here are the general steps involved: Determine the Executor or Administrator The court wil...
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As we enter a new year, many of us take this opportunity to reflect on our lives and set goals for the future. While resolutions often revolve around personal health, career, or lifestyle changes, it’s equally important to consider our financial and legal well-being. One important yet often ov...
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By WebMD Get organized Keep track of important information in a care log. Identify your informal network Ask for help from people in the older person’s community, such as relatives, neighbors, longtime family friends, and members of religious, civic, and social organizations. Ask them to call ...
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Wills are designed to be ironclad documents that set forth how you want assets dispersed to loved ones. They take the guesswork — or, in some sad cases, the arguments — out of a critical moment in this very emotional process. But they’re not ironclad at all. In fact, there are several instances in w...
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By Angela Johnson, MSN Bob Marley, Prince and Aretha Franklin are just a few examples of celebrities who famously died without a will, leaving close family members and some family members they didn’t know they had to fight it out for the assets they left behind. And although millions of dollars may ...
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