When you pass away, your family may need to go through the probate process in order to claim their inheritance. This would happen if you own property (like a house, car, bank account, investment account, or other asset) in your name only and you have not completed a beneficiary, pay-on-death, or transfer-on-death designation. Although having…
Prince was the latest in a string of celebrities who passed away without having an estate plan in place. When someone passes away without an estate plan, the government has a set of default rules regarding who will receive the deceased’s estate. Many times, this may include people you may not want to receive your…
Do you really own the home you live in? If you are currently living in a property that you inherited but the deed has not been transferred into your name, you may be surprised to learn that, under the law, you are technically not the owner. This legal situation is known as “tangled title.” A…
The death of an iconic figure can sometimes impact us deeply because it reminds us of our shared humanity. With a celebrity’s passing, we realize that death is an equalizer. It also reminds us of the importance of estate planning to protect a person’s money and property. Estate planning is not reserved for those with…
