© 2009 by Marlene S. Cooper. All rights reserved. (Marlene S. Cooper, an attorney for over 30 years, has a practice focused entirely on estate planning and probate. You may obtain further information on estate planning and probate at www.marlenecooperlaw.com. You may also contact Attorney Cooper toll-free at (866) 702-7600, or by e-mail at MarleneCooperLaw@aol.com. The information in this article is of a general nature and not intended as legal advice. Seek the advice of an attorney before acting or relying upon any information in this article). In that situation, if the deceased person doesn't have a living trust which gives you power to act as a successor trustee, in most circumstances you will have to get permission from the court through a probate proceeding to continue to handle th...
If you are thinking about using joint tenancy as means of avoiding the court probate charges, you really should carefully consider the risk you aie taking-that of losing your property. As an alternative, you should consider obtaining a living trust Like joint tenancy, a living trust can offer you a simple and cost efficient way to transfer property. Unlike joint tenancy, a living trust does not subject your property to the claims of your beneficiaries or their creditors. They do not gain a present interest in your estate and you keep total control of your property until your use for it ceases, (c) 2009 by Marlene S. Cooper. All rights reserved. (Marlene S. Cooper, an attorney for over 30 years, has a practice focused entirely on estate planning and probate. You may obtain further inform...
Nancy Roberson, Roberson Law, has received the Communication and Leadership Award from Toastmasters International District 40 for her outstanding dedication and contributions in the area of estate planning and probate law. Bob Puls, Real Estate Sales Specialist with ReMax Alliance Realty, has been awarded the President's Sales Club Award of Distinction designation from the Ohio Association of Realtors.
Charles Steib, at the Law Firm of Charles Steib in Des Peres, was elected as chairman of the board of directors of the Big Game Hunters Club of St. Louis. The club is an organization of hunters that raises money for the education of youth and women in hunting and fishing. Steib is a solo practitioner who focuses on civil trial work. The Clayton law firm of Bauer Soule Garnholz Albin announced the opening of a St. Charles office at 118 N. Second St., Suite 300. The firm focuses on family law, providing mediation and collaborative law options along with traditional litigation. The firm also handles estate planning, probate and small business matters. The law firm also announced that partner Ann Bauer has been accepted into the American Academy of Matrimonial Lawyers. The AAML's mission is...
By creating a living trust, you can accomplish the goal of providing for someone to handle the money in your bank account in the event of your disability or death and still maintain total control of your money during your lifetime. Your living trust can own your bank account and through it you can specify that your money be used only for your needs during your lifetime. Your living trust can also specify how the money in the account is to be used and or distributed after you pass away. The money is not subject to probate and the person you designate to carry out the terms of your trust can be held legally liable for failure to follow your wishes. You can have peace of mind knowing that you have done the right thing, (c) 2009 by Marlene S. Cooper. All rights reserved. (Marlene S. Cooper,...
... should be used with caution fenestate planning. On several occasions I have been contacted by peo... like adding someone on title to your real estate, you cannot take a joint owner off of your bank ac...
...@rglawfirm.com Web site: www.rglawfirm.com Probate and probate/estate disputes. KEVIN J. RICHTER 618/...: www.LawElderLaw.com Medicaid Crisis Planning, VA Benefits, Nursing Home Planning. RICK L. LAW 6...
You might wonder why you need a separate Power of Attorney if you have a living trust which provides for incapacity. The reason is that the living trust only covers property that has been put in the name of the trust. It has absolutely no effect on property that is not in the trust Property may be left outside of the trust on occasion through inadvertence. Sometimes property is left out of tue trust intentionally, because of die nature of the property. Whatever the reason, it is wise to have both a Power of Attorney and provisions in a living trust to handle your financial affairs, should you become incapacitated, (c) 2009 by Marlene S. Cooper. All rights reserved (Marlene S. Cooper, an attorney for over 30 years, has a practice focused entirely on estate planning and probate. You may o...
Many attendees at the Heckerling Institute on Estate Planning are leaders in their state bars and wield influence over state estate planning and probate laws. This column will hopefully illustrate the value of well-considered state laws in protecting the marital deduction - even in cases of poor drafting. We all know some people will draft their own estate plans. We also know some attorneys will draft estate plans without adequate knowledge of the federal tax laws. We even know that competent attorneys sometimes make mistakes with the intricacies of drafting to qualify for the estate tax marital and charitable deductions. The results can be calamitous for innocent surviving spouses and/or charities, if, for example, a plan fails to properly qualify for the marital or charitable deductio...
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