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Widerman Malek Law Blog

What is the process of settling an estate without a will?

Having a will prepared is something most people think about at some point in their life.  Many people think they need to have a substantial amount of wealth to have a will.  Or they think they need to own property to have a will.  And what about your minor children; do you need a will […]

Being Appointed A Personal Representative

Your father or best friend asks you to be their personal representative of their estate should something happen to them.  That doesn’t sound too hard.  Now years down the road, it’s time for you to assume that role.  Do you know what to do?  Where do you start?  This article should help you get started […]

What is Formal Administration?

When a loved one passes and they have left behind adequate assets that go above and beyond the expenses of their funeral and burial, formal administration of their assets may be necessary. This of course can be avoided if they have a will or trust that names specific beneficiaries or there is joint ownership of […]

Achieve Peace Knowing Your Finances are in Order

Throughout each day there are thousands of people who pass away all over the world. Each of these deaths are devastating to the family and loved ones. They can never be replaced and no amount of monetary value will even come close to replacing them. Dealing with the loss of a loved one is tragic […]

Dividing the Estate of a Deceased Loved One

When a loved one passes away there should always be a grieving period before their estate is gone through. This grieving period may create feelings or create scenarios where the family may not necessarily agree, but can come together and support one another. However, once you throw in the deceased person’s estate, property, money, and […]

Achieve Peace Knowing Your Finances are in Order

Throughout each day there are thousands of people who pass away all over the world. Each of these deaths are devastating to the family and loved ones. They can never be replaced and no amount of monetary value will even come close to replacing them. Dealing with the loss of a loved one is tragic […]

Key Elements to Consider in a Will

Unfortunately, most people die without a will, and of those people more than 50% have children. The majority of individuals feel that they don’t have the knowledge to create a will or that it will take too much time to prepare or that they really don’t have anything to leave behind so they feel there’s […]

Top Six Facts About Estate Planning

When making arrangements for your passing, the discussion, although necessary, is never really an easy adjustment to make or accept. Nonetheless, everyone, at some point in time, needs to have the discussion and do the paperwork. Here are six facts about estate planning that will make the process a bit less daunting. Trusts aren’t just […]

Why do I need a will?

A will has three main purposes. 1)         Establish a plan for distribution upon your death To document your wishes for how you would like your assets distributed upon your death.  The simplest and most common distribution is what we commonly refer to as an “I Love You Will”.   I give everything to my spouse and […]

Three Common Types of Trusts

Planning for the future includes planning for the entire future. Before a person passes away, they must plan or decide where their assets will go. Many people will plan for family members to inherit their assets. Instead of worrying about those loved ones having to pay taxes on their inheritance, a trust can be set […]

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