Johnson Law Firm
If your beneficiary designations are out of date and you die without updating those designations, your assets could go the wrong people–a former spouse, for example–no matter what your will says.
Various types of property, such as bank accounts and real estate, can be owned jointly with another person(s).
Naming secondary beneficiaries can help estate planners avoid the delay and costs of going through probate, as well as ensure that your wishes are carried out.
Hobbies are part of what makes life fun. Some of them come with a major bonus: They just might lengthen your life.
Does somebody else know where it is in the event of your death or incapacity?
When the rapper Coolio died in September, he joined a group of notables that includes Prince, Howard Hughes and Pablo Picasso—all of whom died without specifying who should inherit their money and estate.
A frequent complaint by next-generation members is that the senior generation never fully lets go of business tasks.
Many older adults enjoy giving money during their lifetime to family members or donations to a religious or charitable organizations.
If you’re set to inherit, you may be wondering what estate expenses are paid by the beneficiary. The answer can depend on what assets are passed on to you when a family member or loved one passes away.
When a person uses a will to leave property to their family, friends or the causes they support, the act is known as a bequest. A bequest can be the cash, investments, jewelry or other items that a person passes to beneficiaries when they die.
