When you are making any type of important financial decision, you are going to do your research. This should extend to your estate planning efforts. You should understand all of your options with regard to asset transfer vehicles, and you should understand the advantages and disadvantages that go along with each of them. If you die with a Will or with no estate plan at all, the property that is in your personal possession may become probate property unless certain circumstances exist. Our firm … [Read more...] about Is Probate Always Required?
You may wonder if it is possible to provide for your pet in your estate plan. The answer is yes, there are steps that you can take to make sure that your pet is provided for, come what may. One way to include your pet in your estate plan would be to identify a caretaker and leave this person a direct bequest in your Will. While this is a possible solution, there are drawbacks that can come about; it is not a foolproof solution. First of all, you may find it difficult to identify a … [Read more...] about How Can You Provide for Your Pet in Your Estate Plan?