Estate Planning- Asset Protection Planning Methods

Estate Planning- Asset Protection Planning Methods

An asset is anything already of value, or a resource of value that can be turned into cash at any time. Assets may be owned by individuals, companies, or the government. It may contain economic value, or future benefit. Future cash benefit assets may be something such as a company, or a patent. So how do you determine the different categories of assets?

What Is Probate?

What Is Probate?

Probate is the court-supervised transfer of property from a deceased person (decedent) to his or her heirs and beneficiaries. If the decedent had a will, the will specifies who receives the decedent’s estate. If the decedent did not make a will, state law identifies...