There is a legal process that enters the picture when you record your final wishes in a simple will. You name an executor to act as the administrator, and the will is admitted to probate after your passing. The probate court will supervise while the estate is being administered. Final debts are … [Read more...] about Is Every Inheritance Subject to Probate?
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Estate Tax Exclusion Will Rise Significantly in 2023
Estate tax exclusion may seem like a complicated term, but we break it all down for you in this post. If you have questions about the estate tax exclusion, you can feel free to reach out to our caring team at Montgomery Law Firm, LLC to learn more and see how we can tailor a plan for your specific … [Read more...] about Estate Tax Exclusion Will Rise Significantly in 2023
Small Business Owners Must Prioritize Asset Protection
If you are the owner of a small business, you may start out as a sole proprietor while you are trying to find your footing. It takes a lot of focus and hard work to get a new business off the ground, so you may not think about some of the finer details. This is understandable, but at some point, … [Read more...] about Small Business Owners Must Prioritize Asset Protection
These Unexpected Expenses Can Destroy Your Legacy
When you are looking ahead toward your retirement years, you may be omitting a very big expense from your projected budget. According to the United States Department of Health and Human Services, 35 percent of seniors will eventually reside in nursing homes. Genworth Financial tells us that the … [Read more...] about These Unexpected Expenses Can Destroy Your Legacy
Three Reasons to Use a Trust Instead of a Will
A lot of people assume you should use a will as your asset transfer method when you are devising your estate plan. In fact, there are some good reasons to use a trust instead, and we will look at three of them here. Nursing Home Asset Protection A significant percentage of seniors require nursing … [Read more...] about Three Reasons to Use a Trust Instead of a Will
What Documents Are In a Complete Estate Plan?
A lot of people equate estate planning to the simple act of creating a will. They think that there is nothing else to do, but in fact, this is a misguided notion on multiple levels. Asset Transfer Vehicles The first thing that you should understand is the simple fact that a will is not always the … [Read more...] about What Documents Are In a Complete Estate Plan?
