https://www.cracoellsworth.com https://www.cracoellsworth.com/no-the-internet-is-not-your-best-source-of-legal-advice Some people feel uncomfortable meeting with an attorney to discuss their estate planning needs because of an unfamiliarity with the law. A good lawyer will discuss your available options in simple terms that a person with no legal training can comprehend. You can also relieve some of that hesitancy by familiarizing yourself with legal terminology before meeting with a qualified estate planning attorney to discuss the appropriate choices for you. The following is a short list of common legal terms that may come up in an estate planning meeting. Take just a few minutes to familiarize yourself with this list and keep it handy for future reference. Attorney-in-Fact: A person who is named under a Power of Attorney to act on behalf of another person. Beneficiary: A person or entity that receives a benefit from an estate, trust or asset transfer vehicle. Death Probate: The legal process used to assemble and transfer a decedent's assets to the intended beneficiaries and settle a decedent’s outstanding debts. Decedent <div> <img src="https://irp-cdn.multiscreensite.com/md/dmtmpl/4518034b-23e0-4ea5-a8a8-c39b2ffebb59/dms3rep/multi/law_hero_mobile-86e63e33.jpg"/> </div> <div data-rss-type="text"> <p> <span> <span> Some people feel uncomfortable meeting with an attorney to discuss their estate planning needs because of an unfamiliarity with the law. </span> </span> </p> <p> <span> A good lawyer will discuss your available options in simple terms that a person with no legal training can comprehend. </span> </p> </div> Tue, 14 Sep 2021 14:55:30 GMT https://www.cracoellsworth.com/no-the-internet-is-not-your-best-source-of-legal-advice thumbnail https://www.cracoellsworth.com/wills-estates-latest-updates A real estate transaction can be an overwhelming process for the parties involved. Unexpected issues can, and often do, arise. Developing a familiarity with some of these matters can ensure that purchasers and sellers move through the process more smoothly. In an effort to help our clients prepare themselves with respect to these issues, this article will explain ( l ) the documents a seller should have at the ready before going to contract, (2) the incidental costs associated with selling a home, and (3) the incidental costs associated with purchasing a home. As a seller you should make sure to have the following documents ready before entering into a contract: <div> <img src="https://irp-cdn.multiscreensite.com/md/dmtmpl/4518034b-23e0-4ea5-a8a8-c39b2ffebb59/dms3rep/multi/background_image_home-1920x1270.jpg"/> </div> <div data-rss-type="text"> <p> <span> No one really wants to talk about their last will and testament, but this is one legal issue you don’t want to leave unattended. After all, it could lead to a major rift in your family, one which you are not around to mend. </span> </p> <p> <span> <br/> </span> </p> <p> <span> The importance of having a very clear will and testament takes on even greater magnitude if you have children from more than one marriage, if you have adopted children, and if you don’t have any children at all. Getting expert advice can save your loved ones heartache and grief at a time when they really need to focus on grieving and recovery. </span> </p> </div> Fri, 14 Sep 2001 14:53:24 GMT https://www.cracoellsworth.com/wills-estates-latest-updates thumbnail