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 | Feb 23, 2023 | Estate Administration, Wills and Trusts
When a person dies, there are certain tax reporting responsibilities that survive death. Personal Income Taxes. A personal income tax return (Federal and State 1040) will need to be filed for the final year of a person’s life. For example, if they passed away in...
by eschmitz | Apr 25, 2022 | Estate Planning, Wills and Trusts
All revocable trusts (as well as your entire estate plan) should be reviewed every few years to make sure that they are up-to-date with changes in the law and continue to meet your goals. Some important things to review include the following: Do you have the right...
