You’ve worked hard your whole life to provide for your family. But if you don’t have a solid grasp on the worth of your estate, you could be setting your family up for undue hardship. Only 44% of Americans have a will in place to manage their affairs when they’re gone. If you’re one of […]
Wilmington Delaware Legal Blog
Category: Estate Planning
Probate Glossary: A Key to Legal Terms that Define the Process
So, you’ve been named executor of your loved one’s will, and you’ve no idea what that job involves. In fact, you’re not even sure what probate means. You will probably want to consult with an attorney. But before you do, take a look at this overview of the procedures involved in settling an estate as […]
Surviving Your Spouse: Understand Your Finances and Financial Rights in Widowhood
Losing a spouse shatters your world; it doesn’t have to ruin your sense of financial security as well. Basic estate planning can alleviate some of the burden and stress inherent in settling up affairs after the devastating loss of a spouse. You likely won’t want to think about money or have the wherewithal to make […]
What Is Probate? – Legal Validation of a Will in the Court System
Probate is the legal process of defining a person’s assets, debts, heirs and beneficiaries through the court system after the person has passed away. I know what you’re thinking: “Doesn’t a Last Will and Testament take care of that?” In a word, “no.” But in some cases and for certain assets, you can avoid probate. […]
Getting Married? Get a Will – 5 Reasons Why.
A couple looking ahead toward marriage is excited about new beginnings. As they embark on their life together, they have happy thoughts of putting down roots, starting a family and celebrating good times. Understandably, endings rarely come to mind, but newlyweds are wise to spend some time on estate planning and creating a will. Fewer […]