明星黑料

There is much discourse about estate planning for married couples, but what about seniors who are widowed or have never married? Single people often have more complicated estates 鈥� especially if they do not have close natural heir such as a spouse or child.

A lien is a legal claim against real property by a creditor of the property owner, recorded in the county clerk鈥檚 o铿僣e. The lien remains on the property until the property owner pays off the debt.

For the charitably inclined, there is always a question of how to be most efficiently leave money to charities in your estate plan. Charitable giving ranges from simple small monetary amounts to more complicated charitable trusts.

When residential property is owned by a trust, the trustee may sell the property if the terms of the trust permit it. The trust would be the seller of the property and the trustee must sign the listing agreement, contract of sale and closing documents.

The limited liability corporation, or LLC, is designed to combine the flexibility and simplicity of a basic partnership with the protection of a corporation. 鈥淟LC鈥� stands for 鈥淟imited Liability Company鈥� and owes its name to the fact that the members (owners) of the LLC are not personally liable for the debts and liabilities of the business.

Ever since the concept of individual land ownership emerged, passing real estate at death has existed in one form or another. Different states have different property laws that directly affect how real property passes at death.

The word is defined as 鈥渢he ability to be easily moved,鈥� but in the context of Trusts & Estates, it means much more. In this regard, portability is one of the strongest tools in the planner鈥檚 toolbox to reduce or eliminate federal estate taxes after the deaths of a married couple.

Question: My spouse and I completed our estate planning with an attorney. In our planning, we left our legacy to our adult children. Should they have their own estate planning?

Surrogate鈥檚 Court hears cases involving the affairs of decedents, the probate of wills, and the administration of estates. The Surrogate鈥檚 Court also handles certain types of guardianship petitions and adoptions.

Whenever a loved one passes, especially one that was depended on, it is often difficult for one to even consider the next steps, yet alone know what those steps are.