To die intestate doesn’t mean dying in the neighboring state or dying without any assets. Dying intestate means to die without a valid will or a trust. A will is the legal instrument that tells the judge how the decedent wishes his/her property or estate to be
Avoid Probate – Overview Avoid probate and the time delay and expense if a loved one passes away or becomes incapacitated. Here comes the probate trick. When your bank account is owned by your trust, i.e., it is in the name of your trust, and you die,
Estate planning must involve every aspect of your estate. As a result, I recommend that you prepare your obituary in advance. It will make things easier on your family later. As you prepare the obituary, keep in mind identity thieves. Identity thieves regularly scan the obituaries. They note all the personal information and use it […]
Years ago I remember reading about a “Marshmallow Experiment,” where Stanford researcher Walter Mischel gave a group of three to five year-olds a choice: Eat one marshmallow now, or wait fifteen minutes and get two marshmallows. The experiment was intended to measure children’s ability to delay gratification. Mischel found that only 30 percent of the […]
