As a business owner, it is essential to have an estate plan in place to protect your business, assets, and loved ones. The Probate Pro offers three reasons why business owners need an estate plan: 1. Yes, Business Owners...Accidents Happen If you suddenly became ill or injured, does someone else have access to the bank [...]
We always talk about what an estate plan is and what needs to be in an estate plan. More importantly, we have explained time after time why it’s so important to have an estate plan in place. So once again, let’s go over why it’s so important to have one and why building that plan [...]
What is an Estate and an Estate Plan? When people hear the word “estate,” some may think of movie-like mansions, sprawled across the mountains with swimming pools and acres of land. However, an estate refers to any assets that you have. This means anything that belongs to you. An estate plan contains a variety of [...]
Understanding how to probate can be difficult. It's by design, but it's also done to make sure everything is taken into account. The process is long and arduous, with many forms to be filled, appearances in court that need to be made, and that's just the tip of the iceberg that is this process. But, [...]
For our generation, estate planning is often the last thing on our minds. Many millennials are struggling to make ends meet, overwhelmed by student loans and trying to get their finances in order. However, a proper estate plan can provide financial security for your loved ones and carry out your wishes following your death or [...]
A will is a record of an individual's assets and where and whom they are distributed to. Over time, our society has adopted more interpretations of wills. There's oral wills, written wills, holographic wills and more. There was even a story of a man writing his will on a tractor that crushed and killed [...]
It's always been understood that with a joint bank account, both co-owners (joint tenants) have equal access to the funds within that account. However, there are times when one of the co-owner takes action that presents ramifications for the other co-owner. Sometimes, there are instances when the co-owner taking the money does so without respectfully [...]
There's a popular intestacy "game" known as "Six Degrees of Kevin Bacon." Part of what people call "Bacon's Law," the goal of this game is to try and find how an actor or individual is linked to famous actor, Kevin Bacon. The game merely seeks to identify how closely related an individual is to the [...]
Life is wonderful, but mysterious. We know - or at least learn - when life began for us, but the the mystery is when it ends. There's a misconception that's been spread for ages that only a person dying is in need of planning his or her estate. On the contrary, people should plan their [...]
Earlier this year, we talked about Tom Petty's estate and how family drama has reached a boiling point. Daughter Adria and widow Dana York Petty have been entangled in the estate of the late rock icon for at least a year and a half now. At first, we talked about how Adria and her sister [...]
