Monday, 25 July 2022

Wills & Living Trusts: Don’t Believe Everything You Hear

Making heads or tails of the estate planning process—and the many documents associated with that process—can be confusing, to say the least. To complicate matters even more, there are many frequently perpetuated myths about wills and living trusts that, if not debunked, could leave you or your loved ones in a compromised position in the […]

The post Wills & Living Trusts: Don’t Believe Everything You Hear first appeared on Hailey-Petty Law Firm, PLLC.

source https://haileypettylaw.com/wills-and-living-trusts-dont-believe-everything-you-hear/?utm_source=rss&utm_medium=rss&utm_campaign=wills-and-living-trusts-dont-believe-everything-you-hear

Thursday, 14 July 2022

The Role of the Estate Executor, Explained

If you have been named estate executor, you most likely have questions about what your responsibilities entail. This is a very important role, and therefore it’s very important you get clear answers to your questions. What does an executor of a Will do? What are their responsibilities? What mistakes should an estate executor avoid? Being […]

The post The Role of the Estate Executor, Explained first appeared on Hailey-Petty Law Firm, PLLC.

source https://haileypettylaw.com/the-role-of-the-estate-executor-explained/?utm_source=rss&utm_medium=rss&utm_campaign=the-role-of-the-estate-executor-explained

Thursday, 7 July 2022

Beneficiary Designations: Know When (and How) to Use Them

Beneficiary designations are an important part of the estate planning process, even though they are actually dealt with outside of the estate plan itself. A designated beneficiary is a person who inherits an asset—such as the balance of an individual retirement account (IRA) or life insurance policy—after the death of the asset’s owner. There are […]

The post Beneficiary Designations: Know When (and How) to Use Them first appeared on Hailey-Petty Law Firm, PLLC.

source https://haileypettylaw.com/beneficiary-designations-know-when-and-how-to-use-them/?utm_source=rss&utm_medium=rss&utm_campaign=beneficiary-designations-know-when-and-how-to-use-them

Estate Planning Updates: It’s Time for a Little Spring Cleaning

Now that tax season is over, it’s time to turn our attention to getting organized and making updates to our estate plans. Estate planning up...