What Happens to Real Estate with a Mortgage When I Die?

What Happens to Real Estate with a Mortgage When I Die?

Your mortgage, like the rest of your debt, does not simply disappear when you die. If you leave your home that has an outstanding loan to a beneficiary in your will or trust, your beneficiary will inherit not only the property but also the outstanding debt. They may...
Testamentary Trusts:  The Best of Both Worlds

Testamentary Trusts: The Best of Both Worlds

You have several different options when it comes to creating the right estate plan. Some people believe that a revocable living trust is the best way to go, while others think that a last will and testament (commonly known as a will) is best under certain...
Pitfalls of Creating a DIY Will

Pitfalls of Creating a DIY Will

It may be tempting to use an online service, or do some google research, and make a will without the help of an estate planning attorney.  There are important legal and financial risks you should consider before making that decision:  If you do not follow the strict...
Situations Requiring More Than a Basic Will

Situations Requiring More Than a Basic Will

Situations Requiring More Than a Basic Will While a basic online will may be a viable option for some, an experienced attorney is helpful in the following circumstances. Avoiding Probate: If it is important to you to avoid probate for your family then you will want to...