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When my grandparents bought their home in the 1950s, it was uncommon for a married couple to own property jointly. At the time, married persons were generally considered to be a single economic unit, and sole ownership by the husband was the norm. Things have certainly changed since then, but I still regularly encounter couples […]
What Are All The Documents You Need In A Complete Estate Plan?
Most people know they “should” have a will, but a truly comprehensive estate plan for someone living in Rhode Island is much more than that. It’s a collection of carefully coordinated documents that work together to protect you while you’re alive, provide for the people (and pets) you love when you’re gone, and make the […]
If I Add My Child To My Bank Account, Does That Solve Estate Planning?
We hear this question all the time: “If I just add my child to my bank account, does that take care of my estate planning?” It’s a completely reasonable thing to wonder. After all, if your child is already on the account, the money goes straight to them when you pass–no hassle, no delay, right? […]
If I Have A Will, Does That Mean My Family Avoids Probate?
The short answer is: No, creating a will does not avoid probate. Here’s what you need to know. Going through the probate process can be a daunting task for families, often accompanied by emotional turmoil. If you want to make things as easy as possible for your loved ones after you’re gone, you need to […]
Financial Powers Of Attorney (POA) And Living Trust Compared Side By Side
When building an estate plan, two documents come up again and again: the financial power of attorney and the living trust. On the surface they can seem to overlap, since both allow someone else to manage your assets when you cannot. But they work very differently, serve distinct purposes, and in most well-designed estate plans, […]
When Spring Arrives With Grief
I love spring. The air grows warm, the days stretch longer, and the earth wakes up in every shade of green. There is something genuinely hopeful about it. But spring also carries a quiet sadness for me. I lost my spouse six years ago in April. To this day, the way the morning light comes […]
When Is Probate NOT Necessary In Rhode Island?
Losing a loved one is tough, and the thought of navigating the estate process, especially while grieving, can be daunting. While probate is the legal process necessary to transfer assets from the deceased person’s name to their heirs or beneficiaries, it is not always required. Let’s look at common situations that allow an estate to […]
What Do I Do When A Family Member Dies In Rhode Island?
Grieving the loss of a family member is one of life’s most challenging experiences. The emotional weight of loss is compounded by stress and confusion, particularly when your loved one did not plan ahead. Without clear guidance from the deceased, families are left to navigate funeral arrangements, property sales, and asset distribution during an already […]
The 3 Types Of “Estate” Attorneys, And Finding The Right Attorney For Your Needs
When you hear the word “estate,” what comes to mind? For many people, it conjures images of sprawling mansions with acres of manicured land. Others might think of estate sales, where a lifetime’s worth of possessions are sold after someone passes away. Still others associate it with real estate transactions, such as buying and selling […]
What Is That Document That States Who Will Get Your Money And Property After You Die?
When it comes to passing on your property to friends and family, you have options. Some formal, some informal. While informal methods might seem simpler in the moment, understanding the differences between approaches can help ensure your wishes are actually carried out. Let’s explore the various ways people plan for the distribution of their assets. […]
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