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Asset Liquidity: A Critical Step in Your Estate Planning

Asset Liquidity: A Critical Step in Your Estate Planning

by Kelly Law Firm | Dec 9, 2022 | Asset Liquidity, Estate Planning, Inheritance Laws, liability, Properties, Wills

Asset liquidity is important to have during life and especially after death. If your estate needs to be split among children, a surviving spouse, or other heirs, it needs to have the proper amount of liquidity. How to Secure Asset Liquidity Life insurance is an...
Liability and Assets–Probate

Liability and Assets–Probate

by Kelly Law Firm | Nov 22, 2022 | Estate Planning, Inheritance Laws, liability, Probate, Properties

When someone passes away, should you be paying the decedent’s medical bills, credit card bills, or any other types of bills? Not right away. If you pay someone else’s debt with your own money, you could open yourself up to liability to pay all of the estate’s debt....
Properties in Multiple States

Properties in Multiple States

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....

Recent Posts

  • What is a Living Will?
  • Trusts: Do I Have Enough Assets to Need One?
  • Estate Planning Mistake: Not Updating Plans Over Time
  • Take Control of Your Estate Plan and Who Inherits the Assets
  • Asset Liquidity: A Critical Step in Your Estate Planning

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