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Elder Law and Estate Planning | Knapp Law Firm, PC - Part 18

Category Archives: Elder Law and Estate Planning

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I attended a family reunion recently.

I attended a family reunion recently.
And some of my aunts and uncles were talking about our “heirs’ property”. It appears I have some interest in an old house and tract of land, what should I do? Heirs property occurs when an estate that contains real property is not probated.[1] Since real property passes as of the date of death, interests…
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Which is better, wills or living trusts?

Which is better, wills or living trusts?
Some attorneys and financial planners prefer living trusts as a primary estate planning vehicle, but each have their usefulness. Wills can be prepared inexpensively, are familiar and understood by the average person to speak on behalf of a loved one at death. Wills are probated. Probate administration in some states is long and expensive and…
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I have real property in a living trust.

I have real property in a living trust.
I want to sell the property, but wondered how to convey the deed when I find a buyer. At the very least the deed over to the new owner will have to be accompanied by a notarized Certificate of Trust verifying the continued existence of the trust, the grantor’s or some other person’s role as…
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