Do I Need an Estate Planning or Probate Lawyer?
The focus of estate planning and probate is on the individual. Whether you need an attorney to help draft a will, create a family trust, or file a probate action in the probate courts. Estate [...]
10 Interesting Facts You May Have Not Known About Divorce
1. According to a study conducted by UC Berkley, if you have a daughter rather than a son, your marriage is 5 percent more likely to end in divorce. 2. Before 2003, divorces in China [...]
How does a qualified personal residence trust (QPRT) work?
Ordinarily, if someone transfers assets in which he or she retains an interest, the value of the retained interest is ignored for gift tax purposes. In other words, the value of the gift is the [...]
What is the difference between testate and intestate?
What is the difference between testate and intestate? A person who dies without a will is known as dying intestate. But, if someone passes away with a will is known as dying testate. The most [...]
IRA and Qualified Retirement Plan Beneficiary Designations
The object is to keep assets in the qualified plan or IRA and defer tax as long as possible. To do this, you delay distributions by the owner and name beneficiaries who qualify for extended [...]
What is the best way to avoid probate?
Avoiding Probate Many people want to avoid probate for the following reasons: It is expensive. It takes time. It is public. An estimate of the value of your assets is filed, and an [...]
What is Generation-Skipping Tax (GST)?
People can give property directly to their grandchildren and keep the property out of their children's taxable estates. Because of this, Congress enacted the generation-skipping tax on lifetime or death gifts that skip [...]
What are the limitations of durable power of attorney?
What are the limitations of a durable power of attorney? When you give someone the power of attorney, there are significant limitations to the agent's power. First, your agent must make decisions within the terms [...]
How to Protect Your Intellectual Property Rights
What is a patent? “Learn How to Protect Your Intellectual Property Rights” A patent is a grant from a governmental entity giving an inventor the rights to control the use of his invention. In the [...]
Probate Law 101: Getting the Probate Process Started
Probate law iѕ a legal process thаt nо оnе еvеr wаntѕ tо deal with. Whеn ѕоmеоnе whо hаѕ a valid will passes аwау аn administrative process gоеѕ intо effect whiсh determines hоw thе individual’s property [...]
