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What are the super powers of powers of attorney? Hi. I’m Gary, owner of DeWitt law. We help make your and your family’s life easier because we are there every step of the way. Get started today at dewitt law ar dot com forward slash get started Powers of attorney are super because they almost […]
What is a last will and testament? Joe wrote out a list of what he wanted to go to certain people. However, that’s all it was, a list of people followed by what they get. His family later found out that wasn’t enough. Just writing down your wishes is not enough. It takes the right […]
What is in a well-designed estate plan? A well designed estate plan wraps you in a blanket of protection and peace of mind. A well-designed estate plan not only tells the world how you want your stuff distributed but protects your freedom of choice during your lifetime. It sets forth rules and put people in […]
What is the true cost of probate? 6% to 10% is thrown around but let me explain why this is often much lower than the true cost. The true cost of probate can be MUCH higher than the 6% number that is thrown around. Let’s look at an estate with a $200,000 house with a […]
What is probate when there isn’t a Will? Most people would rather walk over hot, smoking coals than to go through a probate. For most people, probate is a long, anxiety filled process. Probate without a will is technically just administration of the estate. It runs about the same as with a Will, except the […]
What is probate? Probate. Just the word strikes fear into the hearts of most people. But just what is probate and why do people want to avoid it? Technically, probate is the process of validating a Will and admitting it. That doesn’t sound so bad. However, it’s the part of the process known as estate […]
As with many things, probate cost is going to depend on the complexity of the case. Those factors include: The gross value of the estate If everybody gets along The type of estate planning done before hand You can expect certain fees: Court filing fee ($185 as of March 2021) Newspaper advertising fee (Around $210) […]
Should I share equally? Parents struggle with leaving one child less than another. But what you leave should depend on circumstances as much as equality. Take the case of Jane and Mark. They have 2 children. Their first child is a medical doctor and doing quite well for herself. Their second child has a learning […]
The best made plans are useless if nobody can find them. Quite often people are surprised that we give them their plan in a notebook and it is quite full. Here are a few suggestions for storing your plan: Rent a drawer at the bank. Make sure the important people in your plan have access […]
What does estate planning have in common with a storm? (Video) Here is what estate planning has in common with a storm. Its all about how much time you get to prepare for the mess. Take a snowstorm for instance. The weather person starts predicting it a week out. Then as it gets closer, the […]
