
How do Inheritance Taxes Differ from Estate Taxes?
Inheritance taxes and estate taxes are two distinct methods of taxation that are confused due to their common objective of collecting revenue upon the transfer of wealth. While both forms of taxation are related to the transmission of assets from one generation to the next, they differ in significant ways, including...
What is Summary Administration?
What Causes Delays in Probate Proceedings?
Following in the wake of a loved one’s death, probate is an often dreaded process. The court supervised process of administering and distributing a person’s estate, probate is notoriously complicated, as well as time-consuming and expensive. Beneficiaries of the estate must wait until the personal representative of the estate has managed and inventoried...
What Goes on During Probate?
Have you heard of probate? It is the court-supervised process that involves the gathering, management, and distribution of a deceased individual’s assets. As you may have heard that many people look for ways to try and avoid probate because it has come to be known as costly and time consuming, you may be...
What Is Trust Administration?
If you have established an estate plan, been involved in the probate process, or started researching either of these things, you have probably heard of estate administration. Fewer people, however, have heard of trust administration. It is, however, an important thing to be aware of. This is especially true considering there is a common...
Why Would You Want to Estate Plan to Avoid Probate?
Common Causes of Probate Delays
Contesting a Will
Funding Your Trust
Who Should I Name As Trustee?
Selecting a trustee for your trust is one of the most important decisions you will make when you embark on your estate planning journey. Your named trustee will be responsible for transferring assets within the trust to the beneficiaries...