Search Results
270 items found for "probate court"
- Protecting the Vulnerable: Texas Laws Concerning Guardianship
certificate of medical examination from a licensed physician must be submitted and approved by the court The guardian must give an annual accounting to the court and the court is authorized to remove a guardian
- Children Challenge Pittsburgh Publisher’s Will After Being Left Out
daughter Jennie Scaife and give assets to newspapers and foundations the lawyer controlled, according to a court Those changes followed a 2008 will that left her family memorabilia, according to the courts papers filed in Westmoreland County’s Orphans Court Division.
- Consider an IRA as a Charitable Contribution Strategy
For instance, a couple, or in many instances, a surviving spouse, may have more than he or she needs in an IRA. This is money that was saved, but the person has enough for retirement with other income and pensions. A simple swap strategy will let you use an IRA to provide a gift for charity, rather than your other already tax-free funds, and also to reduce the children’s or grandchildren’s estate taxes. The Naples Florida Weekly poses the question, why give it to the government, when this strategy is available, in the article “IRAs can benefit charity while reducing taxes for heirs.” This switch is accomplished by making the beneficiary of an IRA a charitable bequest. The charity gets more of a donation tax-free than they otherwise would have if they received all of their inheritance from the IRA after the fact. Those who itemize their tax returns and are older than 70 may also be able to start giving now out of an IRA fund to yield greater tax savings strategies while helping charities. This is called a charitable rollover. This gift through an IRA doesn’t appear on your income tax return as income, and the IRS has approved of this strategy for many years, although it’s not a permanent possibility. Congress decides yes or no during the last weeks of the year. Philanthropy through IRAs is often an overlooked strategy. With children and charity to consider, money is left to one at the expense of another, so you always want to try to balance things out. Especially in this case, estate planning for your charitable bequests through an IRA needs to be done by an experienced estate planning attorney. Your attorney can help with a spousal waiver, for instance, since an IRA typically benefits the surviving spouse. Also, you have many ways that IRA funds can be divided up, such as donating it in full to a single charity, benefiting a private family foundation, a religious organization, or animal welfare. If you want to donate to charity and have no heirs, using the IRA is a no-brainer. It’s the most efficient way to get dollars to a charity. Reference: Naples Florida Weekly (November 12, 2015) “IRAs can benefit charity while reducing taxes for heirs” #HoustonAssetProtection #CharitableRollover #HoustonEstatePlanning #Inheritance #HoustonProbateAttorney
- Top 5 Reasons a Will May Be Invalid
is poorly drafted, improperly executed, or does not follow applicable laws may be invalidated by the court using a form document or making other costly mistakes, your estate may wind up in an expensive, lengthy court
- Victory for Media Mogul Sumner Redstone
Los Angeles Superior Court Judge David J. “The court was able to see the strong conviction he had about what he said. He seemed very alert.
- Tighten Up Those Loose Ends in Your Estate Plan
Unfortunately, these assets can appear after probate has been settled, which can result in the estate Instead, it will pass through your will and probate when you die. but an executor of your will must first collect documents and procure family signatures to begin the probate process, then apply to the court and—in some states—even get court permission to sell the house. country, these relatives will all have to be found if she leaves any property to be distributed under probate
- The Daughters of Casey Kasem and Peter Falk Lobby for Elder Law Legislation
Likewise, Catherine Falk battled her father’s second wife in court to win occasional visits with her Kasem’s main bill permits a person to petition a court for visitation rights.
- You Can Create Your Own Estate Plan – But Should You?
Some individuals may prefer a living Will in order to avoid probate (the need to establish the validity
- 6 Estate Planning Strategies Following COVID-19
One such decision is Guardianship, which is a way of notifying the court of who you would like to take Having a Designation of Guardian in place means that you do not have to wait for the court to make any These decisions may not have been decisions you wanted to make in the first place, as the court may choose Designation of Guardian eliminates this uncertainty and removes the need for the often slow-moving court encouraging their youngsters to meet with estate planning lawyers so they are not left at the mercy of the courts
- ESTATE PLANNING TIPS FOR WOMEN IN HOUSTON
representative while you are in good health means that you have a say in what happens rather than allowing the courts Without an estate plan, it will be up to the courts to make these decisions (often in ways that do not
- Media Mogul Has Estate Planning Mess
trust means by incapacity, which could be a much less rigorous standard than is typically applied by courts But that can only happen if and when he’s judged incompetent by a court or by the opinion of three doctors
- Choosing Legal Guardians for Kids When Mom and Dad are Divorced | Houston Wills Lawyer
And just whose wishes would hold up in court?