You may have heard of wealthy people who decide not to leave an inheritance to their children. In some cases, they decide to give the money away, or they may choose to spend it themselves. It is sometimes shocking to outsiders to see beneficiaries being cut out of...
Month: July 2024
What taxes does an estate need to cover during probate?
Estate administration or probate proceedings are not just about transferring assets to beneficiaries or heirs. The process also requires the fulfillment of the decedent's financial obligation. Their personal representative has to communicate with and repay their...
Should you worry about efforts to remove you as estate executor?
When a loved one asked you to be the personal representative (executor) of their estate, you likely felt good that they trusted you with this responsibility – particularly if there were others they could have chosen. However, the job can feel like a thankless one when...
The importance of contingencies in real estate contracts
Contingencies play a crucial role in real estate transactions, providing protections and avenues for renegotiation that can significantly impact buyers and sellers. Understanding these contingencies is essential for navigating the complexities of real estate...