Estate Administration, General/Finance Power Of Attorney, Healthcare Power Of Attorney, Guardianship, Last Will And Testament, Name Change, Living Will, Trust

Key Life Seminar: Consequences & Guardianship

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Key Life Seminar: Consequences & Guardianship

Daryle C. Tibbs, owner of Tibbs Law Office, continues a new series dedicated to the topic of Probate Law.

For more online sources on this and similar topics, please visit our firm youtube channel at:

www.youtube.com/tibbslawoffice

www.youtube.com/tibbslawofficeKentucky

Tibbs Law Office, LLC
8845 Governors Hill Dr., Ste 450
Cincinnati, OH 45249
(513) 793-7544
www.tibbslawoffice.com

Key Life Seminar: How Often Should I Review My Will?

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Key Life Seminar: How Often Should I Review My Will?

Daryle C. Tibbs, owner of Tibbs Law Office, continues a new series dedicated to the topic of Probate Law.

For more online sources on this and similar topics, please visit our firm youtube channel at:

www.youtube.com/tibbslawoffice

www.youtube.com/tibbslawofficeKentucky

Tibbs Law Office, LLC
8845 Governors Hill Dr., Ste 450
Cincinnati, OH 45249
(513) 793-7544
www.tibbslawoffice.com

Key Life Seminar: Should I Have A Will?

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Key Life Seminar:  Should I Have A Will?

Daryle C. Tibbs, owner of Tibbs Law Office, continues a new series dedicated to the topic of Probate Law.

For more online sources on this and similar topics, please visit our firm youtube channel at:

www.youtube.com/tibbslawoffice

www.youtube.com/tibbslawofficeKentucky

Tibbs Law Office, LLC
8845 Governors Hill Dr., Ste 450
Cincinnati, OH 45249
(513) 793-7544
www.tibbslawoffice.com

Avoiding Probate

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“Avoiding Probate”

When I work with estate planning clients, the most common goal of my clients is to “avoid probate.”  Clients will come to me and tell me that they would like me to prepare a will for them so they can “avoid probate.”  There are ways to avoid Probate; however, you will not avoid probate by creating a will.  In fact, a will is almost guaranteed to be “probated.” 
Clients can avoid probate by making sure that any bank accounts and retirement accounts have a “transfer on death beneficiary” designated with the bank or account manager.  Generally, you will be required to fill out TOD beneficiary designation forms when you open any type of retirement account; however, this practice is not common with regular savings, checking, or certificate of deposit accounts.  In order to designate a TOD beneficiary for these accounts, the client will have to go to the teller and request a form to fill out to ensure their wishes are carried out.
Clients can “avoid probate” with property such as bank accounts and retirement accounts (as stated above), real property, life insurance policies, and vehicles.  If a client successfully completes the paperwork for these items, these items will be kept out of the probate court.  With that said, if the client owns other personal property at his death, the heirs will have to go through probate court to determine the proper disposition of the other property.  This is where a will becomes very helpful.
If the client had a will at the time she passed away, the executor will be able to determine the decedent’s wishes and distribute the property according to the directions in the will.  If there is no will, the property will be distributed according to the (intestacy) laws of the state in which the decedent died.  If you agree with the way the law distributes property when a person dies intestate, you may choose not to prepare a will at all; however, you must be familiar with the intestate laws in order to make that determination.  I recommend seeking counsel when determining which estate planning tools are right for your specific situation.
To find more information this and similar topics, please go to: www.youtube.com/tibbslawoffice or www.youtube.com/tibbslawofficeKentucky.  You can also find other resources at: www.tibbslawoffice.com.

Probate Law: Can There Be More Than One Executor Of An Estate?

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Probate Law: Can There Be More Than One Executor Of An Estate?

Daryle C. Tibbs, owner of Tibbs Law Office, continues a new series dedicated to the topic of Probate Law.

For more online sources on this and similar topics, please visit our firm youtube channel at:

www.youtube.com/tibbslawoffice

www.youtube.com/tibbslawofficeKentucky

Tibbs Law Office, LLC
8845 Governors Hill Dr., Ste 450
Cincinnati, OH 45249
(513) 793-7544
www.tibbslawoffice.com

Probate Law: What Does It Mean When Someone Dies Intestate?

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Probate Law: What Does It Mean When Someone Dies Intestate?

Daryle C. Tibbs, owner of Tibbs Law Office, continues a new series dedicated to the topic of Probate Law.

For more online sources on this and similar topics, please visit our firm youtube channel at:

www.youtube.com/tibbslawoffice

www.youtube.com/tibbslawofficeKentucky

Tibbs Law Office, LLC
8845 Governors Hill Dr., Ste 450
Cincinnati, OH 45249
(513) 793-7544
www.tibbslawoffice.com

Probate Law: What Does It Mean When Someone Dies Testate?

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Probate Law: What Does It Mean When Someone Dies Testate?

Daryle C. Tibbs, owner of Tibbs Law Office, continues a new series dedicated to the topic of Probate Law.

For more online sources on this and similar topics, please visit our firm youtube channel at:

www.youtube.com/tibbslawoffice

www.youtube.com/tibbslawofficeKentucky

Tibbs Law Office, LLC
8845 Governors Hill Dr., Ste 450
Cincinnati, OH 45249
(513) 793-7544
www.tibbslawoffice.com

Probate Law: Do I Need The Original Will?

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Probate Law: Do I Need The Original Will?

Daryle C. Tibbs, owner of Tibbs Law Office, continues a new series dedicated to the topic of Probate Law.

For more online sources on this and similar topics, please visit our firm youtube channel at:

www.youtube.com/tibbslawoffice

www.youtube.com/tibbslawofficeKentucky

Tibbs Law Office, LLC
8845 Governors Hill Dr., Ste 450
Cincinnati, OH 45249
(513) 793-7544
www.tibbslawoffice.com

Probate Law: What Are The Duties Of An Executor?

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Probate Law: What Are The Duties Of An Executor?

Daryle C. Tibbs, owner of Tibbs Law Office, continues a new series dedicated to the topic of Probate Law.

For more online sources on this and similar topics, please visit our firm youtube channel at:

www.youtube.com/tibbslawoffice

www.youtube.com/tibbslawofficeKentucky

Tibbs Law Office, LLC
8845 Governors Hill Dr., Ste 450
Cincinnati, OH 45249
(513) 793-7544
www.tibbslawoffice.com

Probate Law: Do I Need To Insure Estate Assets?

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Probate Law: Do I Need To Insure Estate Assets?

Daryle C. Tibbs, owner of Tibbs Law Office, continues a new series dedicated to the topic of Probate Law.

For more online sources on this and similar topics, please visit our firm youtube channel at:

www.youtube.com/tibbslawoffice

www.youtube.com/tibbslawofficeKentucky

Tibbs Law Office, LLC
8845 Governors Hill Dr., Ste 450
Cincinnati, OH 45249
(513) 793-7544
www.tibbslawoffice.com