Melissa's Blog Content
The legal procedure for managing a decedent's estate is called probate. The goal of probate is to distribute the deceased's remaining assets in accordance with the terms of their will or the state's intestacy statutes after paying off their debts and taxes and transferring their assets to their legitimate heirs and beneficiaries.
Here are some common...
A living will and health directive are important legal documents that allow you to make decisions "YOUR CHOICES" about your medical care and end-of-life treatment if you become unable to communicate or make decisions for yourself. Here are some reasons why you should have these documents in place:
To make sure your requests are carried out: You can designate what medical treatments you desire or don't want if you become in...
To transfer ownership of real estate to a named beneficiary following the death of the property owner, a "TODD" (Transfer on Death Deed) is a legal instrument that is used in real estate.
A TODD allows the property owner to specify who will inherit their property after their death without the need for probate court proceedings. The beneficiary named in the TODD will automatic...
Estate planning options like a living trust and a TODD (Transfer on Death Deed) can make it easier for your assets to be distributed when you pass away. However, they are different in how they operate.
A living trust is a legal document that allows you to transfer ownership of your assets to a trust while you are still alive. The trust then manages those assets for your benefit during your lifetime and allows for their efficien...
