Month: February 2026
What is a residuary estate?
An estate consists of all of the property owned by an individual who has died. After a person's passing, control of their property transfers to their estate. It is then under the management of the personal representative appointed by the probate courts or named in...
Does a Totten trust have to go through probate?
There are many types of trusts that can be used in an estate plan. Examples include special needs trusts, spendthrift trusts and discretionary trusts. Often, funds will be set aside for a specific beneficiary, but a trustee will be assigned to authorize distributions...