As someone going through the probate process, you might wonder if it’s normal to deal with an array of expenses. The short answer is yes. Probate can literally cost over $10,000. Fortunately, there’s a way to write off those expenses and spare yourself from obliterating your wallet. Here’s some information about those expenses and how you can deduct them to save yourself some money as executor of the estate: Probate Costs That Accumulate These are a few of the expenses that come up during the probate process: Funeral Expenses Funeral expenses are some of the most common estate-related expenses. You... View Article
You might have to do estate planning for a relative or loved one. If so, you need to know about some fraudulent activities in estate planning processes. Here’s some information about fraud in estate planning and several things you can do to prevent it. Believe it or not, a lot of fraud happens during various estate planning processes. These are some of the events that can occur if a non-trustworthy person is left to handle the estate: Lying To an Incapacitated Person Lying to someone who is disabled or mentally incompetent is one way some people commit estate fraud. An... View Article
A will is a complicated thing. Most people do not think about what they need to add or what they cannot add until it is too late. Knowing what you can add to your will and what should be left out can help you craft one that will be comprehensive and whole. Items To Include in Your Will The first thing that you certainly need to include in your will is a division of assets. This means you need to list off your assets and what you have, including homes, property, items inside your home, vehicles, and money, and then... View Article
The recent pandemic has brought estate planning to the forefront of many people’s minds. When it comes to the many components of an estate plan, firmly establishing your healthcare wishes is important. There are a number of different ways to protect your wishes, including naming a healthcare power of attorney. Making sure that one’s affairs are in order has become of greater importance, especially for older folks who are more likely to be affected by ill health. With an advanced health care directive in place, one can avoid receiving unwanted treatment, especially if they are unconscious or otherwise unable to state their... View Article
If you’re looking to buy or sell real estate, you may have many questions such as, "Should I hire a real estate attorney," or, "What does a real estate attorney do?" It’s smart to consider these questions before making any major decisions. Real estate attorneys play a vital role in property transactions. Properties are often major investments, and the contracts can be immensely complex. As such, hiring a real estate lawyer is often advisable. So what does a real estate attorney do? They handle many legal aspects of buying and selling real estate, such as clearing titles and writing the contracts... View Article
