by paullawblog | May 31, 2015 | Estate Planning
Before the rise of non-probate transfers of real and personal property, as well as revocable living trusts, the joint tenancy with right of survivorship was a common device used to avoid probate. Probate is undesirable for several reasons. First, probate is...
by paullawblog | May 25, 2015 | Estate Planning
Clients frequently ask “Do I need a will or a trust?” The answer depends on the client’s estate planning goals. For most people, the chief objective of estate planning is avoiding probate. Probate is undesirable for several reasons. First, probate is...
by paullawblog | May 10, 2015 | Estate Planning
A common question in estate planning is “do I need a will?” The short answer is “yes,” although the reason why is probably different than you think. As explored in this post, an individual who dies without a will is said to die intestate. A person who dies intestate...
by paullawblog | Apr 19, 2015 | Estate Planning
At its most basic, estate planning is preparing for the end of life. It is a difficult, but necessary topic. Estate planning typically involves creating a comprehensive plan that accounts for the following issues. Property Creating a plan to distribute property is the...