Downs Law Firm, P.C.
Whatever the reason, whether your life is a bed of roses or a getting-worse-nightmare, there are things you can do now to insure what you leave will go to who you want. And when. And in what portion or portions.
In fact, many couples with no children mistakenly believe that they are less likely to need a last will and testament than couples with children.
This legal document can also be beneficial in many situations, such as if you want to leave an inheritance to someone but aren’t sure they will use the gift wisely.
Beneficiaries, in general, are people or entities that the holder of an account designates to receive the assets in the account, typically, in the event of the account holder’s death.
If you don’t have a spouse and children, you might not think you need to do any estate planning—but that’s not the case.
When Aretha Franklin died in 2018, a powerful creditor came calling: The Internal Revenue Service.
If you pass away without a will, state law generally decides who gets your assets and, if you have children, who will care for them.
When dealing with the emotional pain of the loss of a loved one, family members also have to address daunting administrative tasks.
Beneficiary mistakes can result in retirement plan assets being transferred to unintended beneficiaries.
Probate and trust administration are not the same. There are important differences and similarities between administering a decedent’s probate estate and administering a decedent’s trust estate.
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