Wills, Trusts & Probate Law Blog

Guide to Community Property With Right of Survivorship - Werner

How Community Property With Right of Survivorship Avoids Probate

Everything we own in life must be distributed among the living in death. There’s very little you can take with you into the afterlife, by law – and multiple unique processes are in place for supervising the accumulation, valuation, and eventual distribution of a person’s belongings or estate after death. One of these properties in …

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What Are the Different Types of Nonprobate Assets - Werner Law

What Are the Different Types of Nonprobate Assets?  

The probate process begins after a person dies when a probate court must track, value, and distribute their assets and the contents of their estate. Meanwhile, probate courts also oversee the fulfillment of a decedent’s final obligations, such as their last tax return, the resolution of outstanding debts, and ancillary processes for out-of-state assets. However, …

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Guidelines for Estate Trustees - Werner Law Firm

Guidelines for Estate Trustees

Estate trustees are individuals in charge of managing a trust after the trust’s creator (the grantor) has died. In most cases, these trustees are successor trustees because the living trust tends to be structured, so the grantor is also the first managing trustee. Estate trustees are part of the crucial trinity of individuals that make …

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7 Golden Rules of Asset Protection Planning - Werner Law Firm

The Golden Rules of Asset Protection Planning

Asset protection planning is not just a tool for the exceptionally wealthy to minimize tax liability or avoid losing a specific asset. You can also use asset protection to protect individual properties and assets from potential litigation, which can be especially concerning for professionals in certain high-risk occupations. Think doctors, property developers, accountants, lawyers, and …

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How to Avoid Probate Without a Living Trust - Werner Law Firm

How to Avoid Probate Without a Living Trust

When a person dies, their belongings distribute among the living. There is very little we can take with us into the afterlife – and most of what counts as a personal possession, especially property, must pass into another person’s ownership. Probate laws determine this. Probate refers to the judicial process of administering a decedent’s estate, …

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