When someone passes away, whether unexpectedly or not, it can raise questions about who will inherit what. Specifically, you might be wondering whether in-laws have a right to any of the assets of the deceased person.
If you plan to give away property or assets, you’ll need to create a will, trust document, or other estate planning document, advises KHTS’srecent article entitled “Common Documents An Estate Planning Attorney Can Draft.” Let’s take a look at these: Trusts and Wills. Experienced Tyler Estate Planning Attorney Bradley S. Campbell can draft documents, such […]
For most families, the estate planning process is more involved than simply naming beneficiaries. While the primary goal of estate planning is transferring assets in an orderly and tax-efficient manner, it’s just as important to focus on preserving wealth across generations.
No matter what line of work you are in, estate planning has facets that apply to everyone, and it comes down to documenting wishes and avoiding probate and unnecessary taxes. Too many people put it off, but, in general, the sooner you do it, the better.
It’s easy to overlook an important task after a spouse or other loved one passes away – like retitling assets. It’s a little thing with big ramifications. Follow this checklist to help make a challenging time less confusing.
