Most people use their last will and testament to pass on assets to their designated heirs after they die. Some also opt for using a trust to pass on assets and other valuables. Basically, a trust is a legal arrangement in which you can place your possessions so they...
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Estate Planning & Probate
If you have children, you need an estate plan to protect them
Young children are completely dependent on their parents. Even teenagers and college students often need financial, practical, and emotional support from their parents. If anything happens to you, your children will be in a particularly vulnerable position. As soon as...
What you should know about testamentary trusts
It's not uncommon for the breadwinner of the family to carry a significant burden on their shoulders. They often worry about how their heirs will continue to thrive without them once they're gone. It can be particularly important for a testator to have the comfort in...
Tips if You Are an Heir
The loss of a loved one, especially a parent, is difficult for anyone. Even more difficult is if there are disagreements or arguments regarding the distribution of the deceased’s property and money. For many people, they become an heir when a parent dies. The death of...
Estate Tax And Lifetime Gifting
A valuable tool available in composing a well-thought-out estate plan is the use of lifetime transfers or gifts. Gifts that can be made during your lifetime are called “inter vivos” transfers. Inter vivos gifts have many advantages. Some of the advantages include...
Removing a Personal Representative in North Dakota
The death of a loved one is a painful event which brings about a great deal of uncertainty. Along with this uncertainty, past disagreements or family history can erupt among family members on how to handle the deceased loved one’s property and estate. When a loved...
Planning for Our Pets
According to the U.S. Census Bureau, 49% of U.S. households included at least one pet. In 2018, the American Pet Products Organization reported those same households spent over $72 billion dollars on our pets. There is evidence suggesting that attachment to pets is...
The North Dakota Probate Process
When a loved one passes away, it is often a sad and stressful time. Not only is the family dealing with the grief of loss, it must also contend with the deceased’s property and bills. Often, the next step is to start the probate process. There is a great deal of...