How are House Deeds Transferred on the Death of a Parent?
When a parent passes, the executor and the children of the deceased may face several challenges while liquidating the assets of the estate. While some aspects can be somewhat perplexing, an experienced estate attorney will help to smooth the way.
When considering the various components of your will, tax considerations should be an important element to discuss with your professional estate planner. After all, leaving your heirs with substantially less because of an unintended tax bite is likely not your intent.
How often should we review and update our wills, living wills, and advance directives?
When you were just starting out and beginning to accumulate assets, thoughts of caring for your growing family’s future if you were suddenly gone likely developed. While in your twenties or thirties, you began to save, invest, and maybe even purchased a life insurance policy to protect your family’s financial future in the event of unfortunate circumstances.
What Life Milestones Should Trigger a Review of Your Estate Plan?
Adapting to changing circumstances is important at any time of your life. When managing your estate, you should always be mindful that certain events could impact decisions you may have made in the past.
From the time you begin to accumulate assets, you should start considering how your passing could affect others and how you wish your property to be distributed. Estate planning becomes especially important when you have a spouse, children, and perhaps grandchildren to consider.(more…)
As painful as it can be to discuss your eventual passing, forethought and proper planning will ensure that your assets pass efficiently to your designated heirs. Making the job of your executor of estate less complicated and avoiding a complex probate process is best assured if you, the testator, leave clear and unambiguous information and instructions.
Your executor of estate has several responsibilities to manage at the time of your death. Besides securing your home, advising relatives and others, and ordering death certificates, the individual is responsible for gathering all documents pertaining to your life including deeds, titles, insurance policies, marriage license, divorce decrees, bank accounts, Social Security, and more.
I had no idea estate planning was so important until my mom was diagnosed with cancer and had 6 weeks to live. A neighbor recommended Nicholas Giuditta. The first phone call and meeting sealed the deal. His compassion, understanding, and willingness to guide me thru this process when time was of the essence lifted a large burden off of my shoulders. Estate planning at any time is overwhelming but Nick was there with professional guidance and a shoulder to lean on every step of the way. He was always willing to answer any questions, give legal advice, and assist in handling a lot of family drama. I was so pleased with Nick’s services, that my husband and I actually did ‘our’ estate planning with Nick. I would highly recommend Nicholas Giuditta! You not only receive the best professional help but also make a friend in the process!
June 10, 2019
I hired Nick Giuditta to settle legal issues regarding my mother’s estate. I found him to be a very knowledgeable and capable attorney who carefully listened to the problems about my mother’s estate, asked questions, and he took the time to explain my options and the pros and cons of each possible outcome. I also found him to be always professional, diligent, efficient and transparent in keeping me informed as to everything he was working on that led to the ultimate goal of fairly settling all of the legal issues on my mother’s estate. He met and exceeded all of my expectations. I would hire him again to represent me, and I would not hesitate to recommend Nick’s legal talents, skills and abilities to any person.
June 7, 2019
I hired Mr. Giuditta to handle my late father’s estate. He did an excellent job in explaining to me what the legalities were concerning my father’s last will and testament. There were items he pointed out that I didn’t even realize I was entitled to that brought upon a messy lawsuit by my family. Mr. Giuditta represented me throughout the proceedings with professionalism and dignity. The outcome was favorable for both sides but sadly proved that money is the root to all evil. I would hire him again without question.