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Category: Probate

Pros and Cons of a Family Limited Partnership

Posted on January 24, 2023 | by David Ledbetter

If you own your own business or have accumulated some investment portfolio, it is important that you do as much as you can to protect the efforts of your hard work and dedication. A family limited partnership (FLP) is a strategy worth considering — whether you seek to protect yourself, Continue reading →

Posted in Client, Probate

Probate is Still Necessary?

Posted on January 10, 2023 | by David Ledbetter

A living trust is often promoted as a way to avoid probate and the costs, time delays, and loss of privacy that accompany it. Probate is the legal process for proving the validity of a person’s will after their death and appointing the nominated personal representative or executor. Continue reading →

Posted in Probate

Three Reasons to Avoid Probate

Posted on November 22, 2022 | by David Ledbetter

Although having a will is a good basic form of planning, planning with a will involves some drawbacks. A primary drawback is that a will does not avoid probate. If you own property such as a house, car, bank account, investment account, or other asset in your name only and you have Continue reading →

Posted in Probate

Why a Trust Is the Best Option to Avoid Probate

Posted on November 8, 2022 | by David Ledbetter

A big goal in estate planning is to make things easier for our loved ones. A comprehensive estate plan can allow your money, property, and legacies be transferred to your intended beneficiaries in a harmonious, stress-free, and fair process so that your loved ones to grieve and deal Continue reading →

Posted in Client, Estate Planning, Probate

The Pros and Cons of Probate

Posted on October 25, 2022 | by David Ledbetter

For many of our clients, probate is an unnecessary process that we try to avoid. But the probate system is there for those who need it, in some cases because of lack of proper planning and in others because of the benefits and protections that probate may offer. The probate system Continue reading →

Posted in Client, Probate

Myths We Tell Ourselves About Estate Planning

Posted on November 2, 2021 | by David Ledbetter

Many people have mistaken ideas about estate planning. The uncomfortable thoughts of incapacity or death accompanied by inaccurate information that is shared have caused many to accept common myths.

Myth #1: Only the Rich Need an Estate Plan

We often hear in the news about a celebrity Continue reading →

Posted in Client, Estate Planning, Probate

Trust and Estate Administration – Who Should Attend the Meetings?

Posted on September 7, 2021 | by David Ledbetter

A loved one’s passing is felt by their entire surviving family. But when it comes to carrying out the decedent’s final wishes, not everyone has an equal say. Instead, in most cases, only one person—the executor, personal representative, or successor trustee—plays that key role. This Continue reading →

Posted in Client, Estate Planning, Probate, Trust Administration

HELP! This Probate Is Taking Forever!!!

Posted on June 23, 2020 | by David Ledbetter

After a loved one dies, their money and assets must be distributed to the right people, either according to their will or state law (found in the default distribution scheme in its “intestacy” statute). While most people want the settlement process to be done as soon as possible, Continue reading →

Posted in Client, Estate Planning, Probate

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  • Pros and Cons of a Family Limited Partnership
  • What Should You Do with Your Retirement Account When You Have a Minor Child?
  • Probate is Still Necessary?
  • Asset Protection Planning
  • Important Milestones You Can Incorporate in Your Estate Plan

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