When a person dies, their estate often goes through probate, especially if they owe debts. Probate ensures creditors receive payment before beneficiaries get any assets. However, several ways exist to avoid probate, even if the deceased had debts. Understanding these...
Month: October 2024
How does a ‘pour-over will’ work in conjunction with a trust?
A pour-over will is a vital estate planning tool that ensures any assets not initially included in a trust get transferred to it upon death. This combination allows for a smoother transition and helps protect assets. What is a pour-over will? A pour-over will is a...