A last will and testament is a legal document that outlines an individual’s final wishes regarding the disposition of any assets not provided for elsewhere, as well as preferences for the care of minor dependents. It can be a stand-alone [...]
Technically, yes, but to be enforceable, a will must be valid. The will must meet the state law requirements for a probate court to honor it. If a requirement is not met, then it is as if the person died [...]
If you die without a will ( “intestate”) and have not provided for the transfer of your assets through another method like a trust or beneficiary designations, the laws of the state you live in at the time of death [...]
The short answer is “yes,” and this is often the case, but the answer really depends on what is best in your particular situation.
We recommend you have a will in place even if a trust is the primary method of transferring assets at death. For a trust to avoid the probate court process, assets must be retitled – or funded – into the [...]
Hear from the Morneau Law Estate Plan Team: Attorney Beth Lorsbach, Attorney Sarah Paris and Paralegal Abbey Reville, tips on the first meeting to discuss setting up a Will or Trust.
In order for a Trust to actually work, the person creating the Trust, must get the title of their assets into the Trust. The process of putting assets into a Trust is referred to as “funding the Trust,” and is [...]
The most common reason for the average person to create a Trust is to avoid the Probate Court process. If someone passes with only a Will, then their assets and estate must be processed through the Probate Court. However, if [...]
There are a wide variety of legal documents that are referred to as a “Trust,” so in order to determine how a Trust works you must first define what type of Trust you are looking at. In this Blog, a [...]
There are a number of online applications such as LastPass, Dashlane, and 1Password that help with password management, but also provide a person with one application that guards all the passwords for their digital assets. In this way, a person [...]