Monthly Archives: April 2022
What Is A Transfer On Death Deed?
Let’s say that you own real property, and you want to make sure that the property transfers to someone else, as quickly as possible, and without going through the court probate process when you pass. Is there a way to do that? There is. It’s called a transfer on death deed, and although it… Read More »
Events That Could Trigger The Need To Revise Your Estate Documents
You did it all-you visited your estate lawyer, drafted your will, trusts, you have letters of administration, some health care directives, and now you’re done. Now that all that’s behind you, you are set….or not quite. Because events in your life can trigger the need to revise these documents. But life changes to some… Read More »
Why Is It So Important To Avoid Probate?
We often discuss why certain state planning methods are beneficial because they avoid probate. But why is it a good thing to avoid probate—why put all this work into avoiding probate? Why is Probate Necessary? When you pass away, your property has to transfer to someone else. It may pass to your beneficiaries by… Read More »
What Is A Payable On Death Account?
A payable on death (POD) account is an easy tool that, while it doesn’t solve every kind of estate planning need, can certainly make things easier when it comes to certain kinds of assets. What is a Payable on Death Account? A POD account (which is sometimes called a Totten trust, even though it… Read More »