Tag Archives: beneficiaries

Loan, Gift, or Advancement: Why the Classification Matters

While we all want to provide financial help to our loved ones—whether they are family or close friends—it is important to understand that how the money is classified will directly affect your estate planning.

Accordingly, the intent behind the transfer of the money is key when determining if it will be considered a loan, gift, or...
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Why Probate Takes So Long and How to Avoid It

After a loved one dies, their money and property must be distributed to the right people, either according to their will or the state’s default distribution scheme.

Even if you are staying on top of the process, probate can take a minimum of 12 months and sometimes stretches out for years – yes, years. These delays...
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