| Wills - The Writing Requirement |
| A written will is obviously required to be in writing. What the writing requirement really means is that the medium a will is written in must be sufficiently permanent. The medium must be permanent enough to provide a reliable record of the testator's testamentary desires for the probate court.More... |
| Conservatorship Proceedings |
| A durable power of attorney for finances is an inexpensive legal document that allows you to name someone to make your financial decisions if you become unable to do so yourself. The main reason to make a durable power of attorney for finances is to avoid court proceedings if you become incapacitated. If you do not have a durable power of attorney, your loved ones will have to ask a court to give them authority over your financial affairs. This procedure is usually called a conservatorship proceeding. Different states have different terms for the person appointed to manage your finances, including conservator, guardian of the estate, committee, and curator.More... |
| Probate -- Closing the Estate |
| After all tax matters for the estate are settled and all bills and expenses paid or amounts set aside, the executor may then prepare to distribute what is left to the beneficiaries according to the terms of the deceased's will, or according to the laws of the state if the deceased left no will. If there was a contest and a negotiated settlement, the executor would prepare to make the full distributions required under the settlement. (If there are lawsuits still outstanding against the estate, it is unlikely that distributions will be made until these are settled.)More... |
| Hilton on Charity |
| A remarkable statement about the nature of charity entered the public domain after hotel chain founder Conrad N. Hilton died on January 3, 1979, in Santa Monica, California. As the founder and head of Hilton hotels, Mr. Hilton was a very financially-rich man. A portion of his will revealed that he had begun to measure the riches of a man or woman in other ways. In his will, Mr. Hilton bequeathed property to the Conrad N. Hilton Foundation. He also described the nature of charity as follows.More... |
| Beneficiaries -- Types of Professional Advisers |
| Receiving an inheritance calls for two basic activities that should be discussed and handled with an attorney: reviewing the estate closing to insure that the decedent's wishes were carried out and preparing a beneficiary's own will or living trust so that his new assets will be protected. If a beneficiary already uses an attorney for general personal and business advice, he should find out if she is familiar with estate planning. If not, the attorney should be asked for a reference.More... |
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Haggerty, Haggerty and Maschmeyer
Professional Legal Services for Your Business and Family |
Blackstone Professional Center 3045 South Meridian Street Indianapolis, Indiana 46217 Telephone: 317-786-2225 Fax: 317-786-5263 |
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