A lucky winner recently won $320 million in the lottery. This article looks at an example of a prior winner’s mistakes. The next article in the series will examine strategies for lottery winners. Planning for Lottery Winners, Part 1 of 2 … [Read more...] about Planning for Lottery Winners, Part 1 of 2
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How Rochester Revocable Trusts Differ from Irrevocable Trusts
Rochester revocable trusts are a powerful estate planning tool that you can use to protect your assets. Irrevocable trusts can also be used to help keep your money and property secure. While both irrevocable trusts and revocable living trusts bifurcate possession and ownership and serve important purposes in keeping your assets safe, they work very differently and you need to understand which of the two basic types of trusts is best for your particular situation. The Law Office of Michael … [Read more...] about How Rochester Revocable Trusts Differ from Irrevocable Trusts
Is Probate Necessary When a Spouse Dies?
Going through probate when a spouse dies can be very difficult. The death of a spouse will change your life in profound ways and you will be left coping with a tremendous loss if your husband or wife has passed. Not only do you need to deal with reshaping your future after the loss of your partner, but you also need to cope with many financial and legal issues raised by the death of your spouse. Being forced to go through probate proceedings at this time can be a very difficult … [Read more...] about Is Probate Necessary When a Spouse Dies?
Steps Involved in Bath Inheritance Planning
Bath inheritance planning is important if you have loved ones you want to provide for after you are gone. In far too many situations, it does not make sense just to leave a last will and testament and allow assets to pass through the probate process -- and it also does not make sense to make no plans at all and allow intestacy law to determine what happens to your hard-earned money or property. Instead, you should work closely with a Bath inheritance planning lawyer to make certain that you … [Read more...] about Steps Involved in Bath Inheritance Planning
Why Your Heirs Would Prefer If You Make a Rochester Living Trust
There are many reasons why you may wish to create a Rochester living trust. The Law Office of Michael Robinson, P.C. can provide you with insight into whether you should create this type of trust and -- if it is the right tool for you to use -- our compassionate and knowledgeable legal team can help you to create a trust plan. One of the many reasons why you might want to make a living trust is that your heirs or beneficiaries would benefit in important ways as a result of your trust … [Read more...] about Why Your Heirs Would Prefer If You Make a Rochester Living Trust
