Building and Protecting Families
Posted in Estate Planning, Estate Planning Term of the Week, Probate on Feb 24th, 2010
Ancillary Probate Definition: Ancillary Probate is a secondary probate proceeding that occurs in a state where the decedent did not live, but where the decedent owned property. Tweet
Posted in Estate Planning, Estate Planning Term of the Week on Feb 17th, 2010
Administrator Definition: The person who is responsible for settling a deceased person’s estate. The administrator is named in your Will or appointed by the probate court if you do not have a Will. Also Known As: Personal Representative or Executor/Executrix Tweet
Posted in Estate Planning, Estate Planning Term of the Week, Estate Taxes on Feb 10th, 2010
AB Trust Definition: AB Trusts are used by married couples to maximize the federal estate tax exemptions of both spouses. When the first spouse dies, that spouse’s estate plan (e.g., a Revocable Living Trust or Will) directs the division of their assets into two Trusts. The first Trust (Trust B) contains the amount of assets [...]
Posted in Estate Planning, Estate Planning Term of the Week on Feb 3rd, 2010
Today starts a new educational tool for Kinsey Law Group – stay tuned on Wednesdays for a new Estate Planning Term of the Week. Today’s term is Advance Medical Directive. Advance Medical Directive Definition: A legal document that allows you to name another person to make health care decisions for you if you are [...]