by eschmitz | Feb 23, 2023 | Estate Administration, Probate, Wills and Trusts
One of the most common myths in estate planning is that if you have a will, a probate will not be necessary at your death. This is absolutely not true, a will is a ticket to the probate process and will direct the distribution of any probate assets. Probate assets are...
by eschmitz | Jun 21, 2022 | Estate Administration, Probate
When someone dies you need to be aware of income tax and estate tax rules. There may be tax returns that need to be filed. INCOME TAXES Income Earned Before Death A final income tax return needs to be filed for the deceased person which includes all income earned by...
by Elizabeth Schmitz | Apr 21, 2022 | Estate Planning, Probate
Probate vs Non-Probate: What Is the Difference? When planning your estate, it is important to understand the difference between probate and non-probate assets. Probate is the process through which a court determines how to distribute your property after you die. Some...
