by Keith Hajovsky | Oct 30, 2024 | Estate Administration, General Estate Planning, Probate, Trusts, Wills
Can you avoid probate by having a living trust? (please also see Do I Need A Living Trust) Well yes and no. Yes, for all the assets that you actually place into the trust you can avoid probate for those particular assets. For example, you could deed your house to the...
by Keith Hajovsky | Sep 4, 2024 | Estate Administration, Non-probate Assets, Probate
This may sound obvious to most people, but do NOT sign important documents related to an inheritance without speaking to a probate attorney first. Unless some sort of fraudulent activity has occurred in order to get you to sign, once you’ve signed the documents you...
by Keith Hajovsky | Aug 28, 2024 | General Estate Planning, Non-probate Assets, Probate, Wills
Whether you have a will or not, you are most likely to have both probate and non-probate assets. In fact, I like to tell clients there are basically two “buckets” of assets – one for probate assets and and one for non-probate assets. Probate assets pass...
by Keith Hajovsky | Aug 14, 2024 | Estate Administration, General Estate Planning, Non-probate Assets, Probate, Wills
Will my life insurance proceeds pass through probate is a great question. Whether or not that happens depends on who you name as the beneficiary. If you name an individual such as your spouse or child or possibly even an entity like a nonprofit organization as the...
by Keith Hajovsky | Jul 24, 2024 | Estate Administration, Intestate - Dying Without A Will, Probate, Wills
Getting a will makes financial sense. As I mentioned in my article Why Do I Really Need A Will? one of the main reasons you should have a will in place is to help prevent your estate and heirs from spending a lot more money on legal fees and court costs. This is...
by Keith Hajovsky | Jul 10, 2024 | Estate Administration, General Estate Planning, Non-probate Assets, Probate, Trusts, Wills
Having a will does not necessarily mean that all of your assets will get divided per the terms of your will. Assets that pass according to the terms of your will are called probate assets, and assets that do not pass through your will are called non-probate assets....
