Tag Archives: revocable living trust

Why Probate Takes So Long and How to Avoid It

When a loved one dies, their money and property has to be distributed to the appropriate people according to the will, or the state’s laws if a will is not in place.

Even if someone is taking charge of the probate process and keeping up with all the details and requirements, it can still take a...
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Including a Right of First Refusal on Property in Your Estate Plan

Client have occasionally asked us whether their estate plan can include a right of first refusal (ROFR) on assets in their estate.

To illustrate this issue, here’s a hypothetical scenario: The Family Farm Brad and Nancy have owned and operated a farm for decades. As they’ve gotten older, their youngest son, John, has helped them manage the...
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Could Your Heirs or Beneficiaries Receive a Smaller Inheritance Than You Thought?

Most people don’t look forward to the death of a loved one, but they may have thought about a possible future inheritance.

The reality is, that when someone passes, one of the first things heirs and beneficiaries want to know is the overall value of the deceased’s estate. Generally, the executor or trustee is required to...
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Estate Planning Considerations for Incarcerated Individuals

If you are or are about to be incarcerated, your future is probably a bit uncertain, not just for you, but also for your family and others who may depend on you.

There is a way to ease some of this uncertainty and stress and that’s through proper estate planning. No matter how long your incarceration...
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