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Inheritance Without Planning Means No Changing the Default Plan

Inheritance Without Planning Means No Changing the Default Plan;/STRONG>

When a person dies intestate (without making and leaving a will), each state provides a default plan (usually known as the statute...

Executors -- Settling the Assets
As executor, your first step in settling the decedent's estate is to find all of the decedent's assets. You must then figure out which assets belonged solely to the decedent so that you can protect them until they can be distributed either...

Trusts, Public and Private - III

Trusts, Public and Private - III

An express trust is either public or private. A public trust, also known as a charitable trust, is an express trust created for a charitable purpose. If an...

Trust Elements - Beneficiary

Trust Elements - Beneficiary

A trust has five main elements. First, a settlor transfers some or all of his or her property. Second, the property transferred by the settlor is designated trust...

Precatory Language, Ademption, and Abatement

Precatory Language, Ademption, and Abatement

One of the main purposes for making and leaving a will is to guide the administration of the estate of the testator--the person who made the will. A...