If you are worried about the time and expense of having your estate go through probate, there are a few things you can do so that your family will not have to deal with it. Here are five examples of ways you can avoid probate: 1. Start out with a small estate: If you can get it down under the probate exemption limit, you do not have to worry about it. The limit […]
Continue readingProbate serves one primary purpose: to clearly define ownership of assets after a death. Within this purpose, the ideal is to provide an efficient and undisputed transfer of ownership. It is never as simple as handling a title or deed from one party to another. In truth, complex property requires complex transfers and a thorough review of pertinent laws. The legacy of James Brown is a clear example. Brown passed […]
Continue readingWhat is the most vulnerable time for a new and growing business? The answer varies depending on whom you ask. One school of thought, however, brackets the six months before and after the death of the business owner as the riskiest period. Considering that a business is often an owner’s most significant asset, continued smooth operation during this high-risk time deserves prioritizing – especially as the probate process is undertaken. […]
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