by Knee Law | Oct 18, 2021 | Estate Law, Trusts
Pros and Cons of Choosing an Irrevocable Life Insurance Trust Trusts are often an important aspect of planning your estate that can be used in lieu of a will or to complement a will. An estate planning lawyer can help you set up an ILIT, which is an irrevocable trust...
by Knee Law | May 27, 2021 | Estate Law, Tax Law, The Probate Process, Wills
Probate is when the deceased’s instructions that were documented in a will begin to be carried out. It starts after the person dies. During this procedure, the court ensures that the will is genuine. The Responsibility of the Executor An executor of a will has a...
by Knee Law | May 23, 2021 | Estate Law, Wills
In most cases, your creditors will not be able to pursue your heirs if there isn’t enough money in your estate to cover all the financial obligations. The one exception would be your spouse. After a spouse dies, his or her debts remain on the books and they still need...
by Knee Law | May 19, 2021 | Estate Law, Wills
Many people have not properly designated beneficiaries for their retirement accounts, their annuities, or their life insurance policies. The problem is that many individuals make mistakes when filling out beneficiary forms, so these important documents are left blank...
by Knee Law | May 14, 2021 | Estate Law, Estate Planning, Wills
An estate that is very complex can take as long as two years to probate, but even smaller estates will require at least six months to complete the process. It is also expensive, and Americans pay an average of about $2 billion in probate costs every year. Estate...
by Knee Law | Mar 31, 2021 | Digital Assets, Digital Wills, Estate Law
A trend in estate planning that continues apace with each passing year is associated with the disposition of digital assets upon a person’s death. The reality is that an ever-growing number of people accumulate digital assets during life that require...
