Welcome to My New Law Blog
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Probate or Non-Probate Asset? – The Ins and Outs of Different Types of Ownership
Retitling your assets to conform with your desired plan is essential to successful estate planning. Whether this means changing ownership of an asset altogether, adding a joint owner, or changing a beneficiary designation, the ownership of your assets at your death will make or break the effectiveness of your estate plan. This article will discuss the different types of ownership and their implications regarding your estate plan. Probate vs. Non-Probate Property When someone passes away, the first step of the estate administration process… Read more
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Explaining Guardianship and Conservatorship to a Loved One/Beneficiary
Conversations with loved ones who are declining in health and perhaps advancing in age are difficult. Such difficulty is only exacerbated when that loved one is losing their ability to make healthcare decisions on their own behalf or manage their personal or financial affairs. These are emotional conversations that may be challenging to navigate. But this post is here to assist you with that challenge: explaining guardianship and conservatorship to your loved one. WHAT IS A GUARDIAN? A guardian is a court-appointed fiduciary that oversees… Read more
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