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Category: Probate

Probate services refer to the legal services provided to individuals or families involved in the administration of a deceased person's estate. These services typically involve the court-supervised process of distributing the deceased person's assets and properties to their beneficiaries or heirs according to their will or state laws if there is no will. Probate services may include drafting and filing legal documents, representing clients in court, resolving disputes between beneficiaries, managing estate assets, and advising clients on tax implications and strategies for asset protection. The goal of probate services is to ensure that the estate is distributed in an orderly and fair manner while minimizing costs and maximizing the value of the estate for the beneficiaries. Probate services are often provided by lawyers, but may also be provided by other professionals such as estate planners or financial advisors.

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Can a BDIT save you on taxes?

Can Executor Take the Money and Run?

Posted on: December 20, 2022 | By: David Parker, Esq.
Succession planning involves accounting for the worst-case scenario. Without accounting for these risks, your plan could fail, require expensive litigation or jeopardize the family farm.
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What doesn't Medicare cover.

How to Defend a Will Contest

Posted on: December 6, 2022 | By: David Parker, Esq.
The news is full of stories about the famous who didn’t bother to make a will to dispose of their substantial fortunes. Although many others did make a plan, various issues with their testamentary documents have led to costly and protracted litigation.
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How to provide asset protection

What Is Asset Protection Planning?

Posted on: December 1, 2022 | By: David Parker, Esq.
Asset protection planning is the process of building barriers around your assets, whether those assets are personal or business, to keep them safe from litigation, creditor claims, seizure and burdensome taxes.
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Don't fight over an inheritance

Can You Prevent Family Fights over Inheritance?

Posted on: November 29, 2022 | By: David Parker, Esq.
In early 2022, Bloomberg News reported that Americans can expect to inherit $72.6 trillion over the next quarter century—more than twice as much as a decade ago. With so much potential generational wealth on the line, there is always a risk that it will become the subject of a dispute.
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Paying for Funeral Expenses

Can Loved One’s Funeral Expenses Be Deducted?

Posted on: November 18, 2022 | By: David Parker, Esq.
The ability to deduct funeral expenses on your tax returns depends on who paid for the funeral expenses.
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What does the surviving spouse get?

Is Spouse Automatically Your Beneficiary?

Posted on: November 14, 2022 | By: David Parker, Esq.
If the surviving spouse is a second or subsequent spouse and did not have any children with the decedent, the surviving spouse takes even less.
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What if co-executor s don't get along

Can I Get My Co-Executor Sister to Abide by Father’s Will?

Posted on: September 21, 2022 | By: David Parker, Esq.
My father left his house to me and my sister. However, 75% is supposed to be for me and 25% for her. Because she feels that was unfair, she’s fighting with me about selling the house.
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trust administration

What Should I Know about Burial Insurance ?

Posted on: July 28, 2022 | By: David Parker, Esq.
What is covered by burial insurance?
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What was in Ray Liotta 's Will

Did Actor Ray Liotta Have an Estate Plan?

Posted on: July 8, 2022 | By: David Parker, Esq.
After years of toiling away in the entertainment industry, Ray Liotta was able to build up an impressive net worth.
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When shopping for funeral services, be wary.

What Should I Know About Buying Funeral Services?

Posted on: July 1, 2022 | By: David Parker, Esq.
People shopping for funeral or cremation services may be particularly vulnerable to overpaying or being swindled, which is why experts say it is important to be cautious when making those decisions.
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