If you have a valid Last Will and Testament in place, the odds are good that your appointed someone very close to you (spouse, adult child, best friend) to be the Executor of your estate. While that choice isn’t always a poor one, it often is. The problem is that most people do not really know what probate entails. As such, they give very little thought to the appointment of their Executor when, in fact, your Executor will directly and usually significantly impact how your estate is handled after you are gone. To ensure that your estate is handled as [Read more…] The post Lincolnshire Estate Planning Lawyers Explain the Role of Executor appeared first on Hedeker Law.
Most people understand that having an estate plan in place is important. Despite acknowledging this, less than half of all Americans actually have a plan. If you are among those who have taken the time to create your estate plan, you are a step ahead of many of your friends and neighbors. More importantly, you can rest easy knowing that you, your loved ones, and your assets are all protected. Or can you? If you created your plan several years ago, and you have not updated your plan since it was created, it may not provide you the level of [Read more…] The post Lincolnshire Estate Planning Attorneys Remind You to Update Your Plan appeared first on Hedeker Law.
The death of a loved one is typically followed by a period of grieving and an outpouring of emotions on the part of the family and close friends. By necessity, it is also followed by the legal process referred to as “probate” during which time the decedent’s estate is administered and estate assets are ultimately transferred to the new owners. Although probate can be full of bumps and minor obstacles along the way, it is normally a relatively uneventful process. Occasionally, however, the probate process can turn into a contentious legal battle as a result of a challenge to the [Read more…] The post Lincolnshire Probate Attorneys Explain What Happens When Someone Contests a Will? appeared first on Hedeker Law.
Were you notified that a recently deceased loved one named you as the Executor of his or her estate? If so, you may be struggling to focus on the duties and responsibilities an Executor has during the probate of an estate giving the fact that you are undoubtedly also still grieving the loss of your loved one. If you have never served as an Executor before, you may not even know where to begin. To help you organize your responsibilities, the Lincolnshire estate planning lawyers at Hedeker Law, Ltd. have put together an Executor’s checklist that you may find beneficial. [Read more…] The post Lincolnshire Estate Planning Lawyers Offer an Executor s Checklist appeared first on Hedeker Law.
Every adult should have at least a basic estate plan in place. For some adults, however, estate planning takes on a heightened importance. This has traditionally been the case for members of the LGBT community; however, in light of the fact that same-sex marriage is now legal across the United States, is LGBT planning still necessary? The Lincolnshire estate planning attorneys at Hedeker Law Ltd. explain why it remains important for members of the LGBT community to have a comprehensive estate plan in place. We’ve Come a Long Way… As members of the LBGT community and their supports know, it [Read more…] The post Lincolnshire Estate Planning Attorneys Is LGBT Planning Still Necessary? appeared first on Hedeker Law.
If you recently lost a family member or close loved one, you are undoubtedly trying to manage the emotional aftermath of your loved one’s death. At a time like this, the last thing most people want to focus on is legalities; however, someone must handle the legal and practical ramifications of your loved one’s death. Specifically, the decedent’s estate must be probated. If you are charged with handling the probate of the estate, the first thing you y need to do is decide which type of probate is required. To help you make that decision the Lincolnshire probate attorneys at [Read more…] The post Lincolnshire Probate Attorneys Explain the Different Types of Probate appeared first on Hedeker Law.
When you contemplate your estate plan, the first thing that comes to mind is probably a Last Will and Testament. Most people associate a Will with estate planning; however, there is another option for the foundation of your estate plan – a trust agreement. In fact, there are a number of benefits to using a trust instead of a Will as your primary estate planning document. To help you make the right decision for your plan, the Lincolnshire living trust lawyers at Hedeker Law, Ltd. explain the benefits of using a trust instead of a Will. Estate Planning Basics Like [Read more…] The post Lincolnshire Living Trust Lawyers Explain the Benefits of Using a Trust Instead of a Will appeared first on Hedeker Law.