A guardian is the person designated by court appointment and given the responsibility of managing the personal affairs of a minor child or a person that is legally incompetent. Naming a guardian for minor children if something were to happen to you is one of the most
Probate is our society’s way of moving property from a deceased person to living people. The word “probate” means “prove.” The probate process is a legal procedure we go through to prove who has the right to sign for someone who has passed away and who will
All states have some sort of fraudulent conveyance law in place. People who are in trouble often try to put assets out of the reach of their creditors or the bankruptcy courts. Fraudulent conveyance laws are designed to prevent people from doing this. Basically, these laws ensure
The annual exclusion is the amount of property the IRS allows a person to gift to another person during a calendar year before a gift tax is assessed and/or a gift tax return must be filed. The amount increases periodically, and as of 2018, it is set
