by Laurie Ohall | Jan 30, 2023 | Estate Planning, Wills and Trusts
A life estate is a form of property ownership that allows an individual to use and manage property during their lifetime. The life estate also designates who will receive the property after the owner’s death, known as the remainderman or remainder beneficiary. Let’s...
by Laurie Ohall | Jan 24, 2023 | Estate Planning
Conversations with aging parents about finances can be challenging. Over half of adults would rather talk to their children about sex than their parents about aging, according to PBS News Hour. Although difficult, talking with aging parents about their finances is an...
by Laurie Ohall | Dec 15, 2022 | Estate Planning, Trusts
Unequal inheritance occurs when a parent leaves different amounts of assets to their children. Hurt feelings and conflict can damage relationships and potentially lead to lawsuits among siblings. Estate planning requires carefully drafting each document to adequately...
by Laurie Ohall | Oct 28, 2022 | Probate
The appointed executor oversees the administration of an estate. This person fulfills the deceased’s wishes as outlined in the will. They are responsible for having the will probated, paying debts and estate taxes, and distributing all assets included in the...
by Laurie Ohall | Oct 24, 2022 | Estate Planning, Power of Attorney, Wills and Trusts
A power of attorney is a legal instrument that a person (the “principal”) creates, allowing a designated person (the “agent”) to make decisions on their behalf. If you are creating or modifying a power of attorney, or if you have been made an agent, it is important...
