The Question: What happens when someone dies without a Will? It depends. These two situations should help explain: *Situation No. 1 Biff and Sue are married. They bought 100 acres of land after they were married (called “community property” since purchased after...
Allen Firm Quick Tips This makes me sick I do not hate many things. But.. When I have to watch a person be forced to sell the family farm, cattle, and equipment to pay for nursing care/assisted living of his/her spouse..I hate that. Especially when they could...
Allen Firm Quick Tips Relax! Your parents debts are not your problem..sort of. You are not responsible for your parents’ debts upon their death. If your parents used property as collateral for a bank loan then you will need to pay the bank in order to save the...
What is a Power of Attorney? A power of attorney is a document that designates another person as “attorney in fact” or “agent” to act on behalf of a named principal. The power is limited when the principal becomes incapacitated or deceased unless a durable power of...
The temptation is there. A fill-in-the-blank will is cheap—sometimes even free, while will drafted by lawyers generally costs four to five hundred dollars. But which really costs more? The Gamble In truth, using a fill-in-the-blank will is a gamble. If you decide to...
Contrary to what you may believe, you and everyone else you know will have an “estate” when you die. Simply put, an estate is a collection of all your property you own at the time of your death. The area of law that deals with what happens to your belongings after...
