September 13, 2022—Most people prefer to avoid probate because it could be a lengthy court process of transferring a decedent’s estate to his or her beneficiaries. Not only does the process have the potential to take a very long time, it may also be expensive. And once your will is deposited in probate court, your private affairs may become a matter of public record.
July 13, 2021—When creating a trust, the first decision is likely to be the most important one—choosing a trustee. Should it be a friend, family member, spouse, or a corporate trustee? The decision-making process involves several considerations to find the best fit. In today’s podcast, National Director of Delaware Trust Planning Jeff Wolken reviews the duties and responsibilities of a trustee to help you select one that is most appropriate for your situation.
June 15, 2021—One common mistake people make when creating their estate plans is not spelling out the fate of their personal property—things such as jewelry, cars, collectibles, and artwork. Without a clear plan, family controversy may arise over items that have great sentimental or monetary value.