Delaware residents who were thinking of undergoing the estate planning process likely have many questions about how to handle their estate. They know that estate planning can provide them with peace of mind to ensure that their loved ones get the assets intended for...
What the executor does during probate
If there are assets in your Delaware estate when you pass, they will likely be subject to probate. During probate, your estate will be represented by an individual who is responsible for inventorying assets, reviewing creditor claims and other administrative tasks....
When should I update my estate plan?
While it may not be pleasant to think about your passing, it's a necessary part of life. Delaware residents should undergo the process of estate planning to effectively designate who receives their assets and who takes care of their after-death responsibilities....
What senior citizens should consider in estate planning
Estate planning is important for all adults in Delaware, but it becomes even more important as you age. Although many people put off creating an estate plan for various reasons, it is important to recognize that having an estate plan will make things less difficult...
Do you get a copy of a will?
Contrary to popular belief in Delaware, most wills aren't read out loud by an attorney. However, you'll still be notified if you show up in someone's will. You might also be notified if you showed up in a previous version of the will but were written out of the...
Do not saddle heirs with tax burdens
Many decades of relatively high earning power and the accumulation of valuable assets make it possible to leave a financial legacy to your heirs in Delaware and other states. When it comes time to distribute assets to your heirs via an estate plan or through the...
Essential reasons for estate planning in Delaware
Your estate plan helps to protect your assets and preserve a legacy to pass on to your chosen heirs. Without a good estate plan in place, your personal wealth and assets as well as general family assets might be at risk after your pass on and even while you are alive....
What parts of an estate plan should be periodically reviewed?
Estate planning isn't just something that people in Delaware should do once. It's a process that they should go through multiple times throughout the rest of their lives. People should periodically review their estate plans, particularly if they experience a major...
Thirteen Estate Planning Terms You Need to Know
Estate planning—it is an incredibly important tool, not just for the uber wealthy or those thinking about retirement. On the contrary, estate planning is something every adult should do. Estate planning can help you accomplish any number of goals, including appointing...
How to Own Your Real Estate
Real estate encompasses not only one’s primary residence but also other real estate such as a vacation home or a rental property. The ideal form of ownership varies depending on the type of real estate you own. Below, we take a look at the different types of real...
