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Probate and Trusts
Many issues arise concerning how to distribute the personal property of the deceased. By personal property, I am describing those things that are generally found around the home of the deceased, and, more often than not, have a sentimental value which exceeds the monetary value of the items. Very rarely does the value of the...
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Although this is not an uncommon problem, neither does it happen with regularity. Executors and administrators are both identified as Personal Representatives in most laws. Personal Representatives have a primary duty to the creditors of an estate to assure that all debts are paid prior to making any distributions from an estate. If the Personal...
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Many people believe they have their affairs in order by creating a Will that explains how they wish their assets divided at their death. Unfortunately, some people will suffer from some type of incapacity, either physical or mental, during their life. Few people have prepared a durable financial power of attorney to address that particular...
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You may have executed a will and consider that you have done all of the estate planning that you need to do. Unfortunately, wills only become effective after you die. Prior to your death, you may become incapacitated and unable to make decisions for yourself. This is where an Advanced Health Care Directive (AHCD) becomes...
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The person who has passed away is identified as the decedent.  A person who is a relative of the decedent is called an heir.  A person who is left something in a will is a beneficiary. Therefore, you can be both a beneficiary and an heir.
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