Why is Estate Planning So Important to Black Americans?
Black Americans are 50% less likely to have a living will in place, in comparison to other groups.
Black Americans are 50% less likely to have a living will in place, in comparison to other groups.
Probate is not always an efficient process. However, it is the way to properly dispose of an individual’s property after they have died. It gives the necessary stamp of approval that the will is legitimate, and the executor has been confirmed.
Estate planning involves planning for how an individual’s assets will be preserved and managed.
Aretha Franklin’s handwritten wills might not pass muster in some states. However, a court in Michigan, where she died, is more likely to take them seriously, experts say.
Financial planning is daunting enough, but it becomes more complicated and critical when you have a child or family member with special needs.
For some people with complicated personal and financial lives, today’s complexities may not be fully addressed with a do-it-yourself service for wills and trusts.
My mom wants to leave her house to me, since I’m the only girl. My brothers may try and contest this in probate court. What can my mom do to be sure I receive ownership of the house upon her death?