Yes, in fact only the provisions of a valid will or trust, or ownership interests that are either conveyable or payable on death will work for your joint estate planning because in the absence of such planning provisions, your partner will inherit nothing from you by operation of law. AND BEWARE if you establish a...Read more
About: Linda Knapp
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Recent Posts by Linda Knapp
My father named my mother, then me as his attorney-in-facts in a financial power of attorney. Both my parents are now in care facilities and not competent. Am I automatically in charge or does something more need to be done? That depends on the terms set forth in the document itself, but even if no stated...Read more
A Personal Property Memorandum is a separate writing in either your own hand or one typed and signed by the testator and two disinterested witnesses that addresses distribution of various items of tangible personal property and names the recipient of the gift upon the testator’s death. The document must exist at the time of the...Read more
As the personal representative what kind of things do I need to think about before I settle my friend’s estate? Estates vary widely, but basically you have to focus on three areas – taxes and administrative expenses, final bills of the decedent and distributions. Very few estates have to pay federal or South Carolina estate taxes as...Read more
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