by Kelly Law Firm | Jan 16, 2023 | Blog, Estate Planning, Myth, Trusts
There are a lot of misconceptions about Trusts. I need to have millions of dollars to need a Trust. – False I need to own multiple properties to need a Trust. – False Having a Trust makes things way more complicated. – False Do You Need a Trust?...
by Kelly Law Firm | Jan 11, 2023 | Blog, Estate Planning
Like most plans, estate planning isn’t a “set it and forget it” matter. Simply having a plan isn’t enough! To avoid an estate planning mistake, your plans need to be updated after major life events – such as: marriage buying a home having...
by Kelly Law Firm | Oct 22, 2022 | Blog, Estate Planning, Inheritance Laws, Probate
Intestate: When someone passes away without a Will. Testate: When someone passes away with a Will. What Kind of Probate Will You Need… Intestate or Testate? Passing away with or without a will may determine what kind of probate you may need. There is informal...
by Kelly Law Firm | Oct 11, 2022 | Blog, Estate Planning, Inheritance Laws, Myth
Just like other types of planning, estate planning and beneficiary designation is never a “once and done” proposition. Your life, preferences, and goals evolve over time and may be impacted by outside influences – such as the financial markets, tax...
by Kelly Law Firm | Sep 21, 2022 | Blog, Estate Planning, Probate
When you are named “Personal Representative” or “Executor” you are in charge of running the show. The Personal Representative has four jobs: Locate the decedent’s assets Value those assets Pay any potential creditors Distribute the assets However, just because you are...
by Kelly Law Firm | Sep 9, 2022 | Blog, Estate Planning, Probate, Properties
One of the most common ways for your estate to get pulled into probate in the United States is if you own any real property (land, house, or mineral interests). If you own properties in multiple states, then you could be subject to probate in each of those states....
