What exactly is Probate, and why is it important that you understand?

Probate actually has two meanings in the law.  First, probate refers to the process of submitting a Will to a court with jurisdiction and asking that court to determine that the Will is valid.  Second...

Believe it or not, a simple Will is a very powerful document.  With a Will, you can:

  • Designate beneficiaries to inherit assets after you die, including beneficiaries who would not normally inherit your assets under the laws of your state;

  • Disinherit an heir;

  • ...

If you want a legal definition, Black’s Law Dictionary says that a Trust is “an equitable or beneficial right or title to land or other property, held for the beneficiary by another person, in whom resides the legal title or ownership, recognized and enforced by courts...

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