Search results for: last will and testament
Testamentary Trust
A Testamentary Trust is a Trust that is formed under a Testamentary instrument such as a Last Will and Testament. A Testamentary Trust requires probate. The Courts generally retain jurisdiction of a Testamentary Trust. As a result, the administrative cost of a Testamentary Trust is high, and the privacy is low. With very limited theoretical…
Read MoreResolving Disputes in Estates with ADR
Staying Out of the Courtroom Preventing and resolving disputes concerning your estate may be one of the most important functions of your estate plan. The reason is simple. Disputes are perhaps the greatest risk to both your financial wealth, and your family. Families are naturally resilient, and can recover from most any trouble. But when…
Read MoreCorona Virus Emergency Documents
We have provided an on-line resource to help our clients and friends prepare for contingencies while we all “shelter in place” during an emergency such as the current corona virus / COVID-19 lock down. Any medical or financial crisis will be much worse if there are also legal complications. To be prepared during during the…
Read MoreProbate
“Probate” is a form of litigation to determine who is entitled to the property of a deceased person. If there is a Last Will and Testament, probate is initiated with a petition or application to have the Will admitted to probate. If there is no Will, the probate will be “intestate”. Probate can be formal…
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