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April 2020 Archives

Is a Formal Probate Proceeding Always Necessary?

Coping with the death of a loved one and the formal probate proceeding can be daunting. If the decedent's assets are not already transferring outside of probate, for example by jointly owned property, trust property, or property determined by beneficiary designation, a formal probate proceeding can seem like an absolute certainty. However, in some such cases, a formal probate proceeding may actually be avoided altogether.

Education trusts are not just for college

When people generally talk about education trusts, they mean that the money can be used to pay for tuition and related costs at a college or a university. It is important to note that, while this is how it often works, the trust does not have to be so limited. It can be used for other educational purposes.

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