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Category: Estate Planning

Luke Perry Protected His Family With Estate Planning

When Luke Perry, whose full name was Coy Luther Perry III, died on March 4, 2019, he was surrounded by family and loved ones.  Tragically, the actor — who rose to fame playing a teenage heart-throb on Beverly Hills 90210 —died from a condition that almost everyone thinks of as one that only strikes “old” people. …
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Probate. And Why You Should Avoid It

What is Probate? Probate is a legal process that takes place after someone Passes. It includes: proving in court that a deceased person’s will is valid (usually a routine matter) identifying and inventorying the deceased person’s property having the property appraised paying debts and taxes, and distributing the remaining property as the will (or state…
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What a Will Won’t Do

Wills are wonderful, simple, inexpensive ways to address many people’s estate planning needs, but they can’t do it all. Here are some things you shouldn’t expect to accomplish in your will.

An introduction to living trusts – a popular way to avoid probate.

Why should I make a living trust? The big advantage to making a living trust is that property left through the trust doesn’t have to go through probate court. In a nutshell, probate is the court-supervised process of paying your debts and distributing your property to the people who inherit it. The average probate drags…
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