Probate is the process of paying a deceased person’s bills and transferring ownership of that deceased person’s property pursuant to the person’s will or Ohio law as overseen by the local probate ...
Forbes contributors publish independent expert analyses and insights. Bob Carlson researches all facets of retirement finances. About 70% of U.S. adults don’t have a will or trust, according to ...
Although it has been almost 40 years since Norman F. Dacey wrote his best-selling book “How to Avoid Probate,” most homeowners and realty investors still are unaware of the benefits of revocable ...
When you die, your estate goes through a process that manages, settles, and distributes your property according to the terms of your will. This process is governed by state law and is called probate.
Jehan Crump-Gibson is an accomplished attorney and founder of her own law firm, Greal Lakes Legal Group, PLLC, specializing in business, real estate, and probate law. With over 16 years of experience, ...
Most people have goals for what they wish to achieve in the next 10 years, five years, five months, that day or even in the next hour. Short-term and long-term goals are a good and healthy way to ...
A few weeks ago I was listening to a late-night financial advice radio talk show. The caller and his wife recently inherited more than $1 million in common stocks and real estate from her mother.
A new Minnesota law makes it easier and cheaper for Minnesotans to plan for the transfer of real property upon their death. The transfer on death deed (or TODD) legislation that went into effect last ...
Many families have a beloved out-of-state vacation home where many cherished memories have been made. Families often plan to pass these vacation homes down by putting them in a will. While this is an ...
Q. How can we avoid probate and reduce the estate tax for our beneficiaries, who are our two adult children? We know about payable on death (POD) bank accounts. Is it better to put our two houses in ...