Melissa's Blog Content

Why Is Melissa "My Realtor" Talking About Wills & Probate     "Beyond Wills: Melissa Gootee Explains Why Asset Protection Requires More"  

 

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...

WHY Does Melissa Want Me To Have A TODD For My Real Esate Asset?   What is a TODD used for in real estate?      

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...

6 Different Ways You Can Stop PROBATE!   The legal procedure known as probate upholds a decedent's will and distributes their property in accordance with the terms of the will. There are a few actions you can take to avoid probate:   Create a living trust: Establishing a living trust is one approach to avoid probate. This entails giving the trust, which will be administered by a trustee you choose, ownership of your assets. The assets will be divided in accordance with the conditions of...