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The Lloyd Law Blog

We All Need a Yearly Checkup: Your Estate Plan Does Too

Posted by James Lloyd | Nov 20, 2020 | 0 Comments

One of the main reasons for getting an annual physical is to detect and treat problems before an illness or health condition becomes serious. Likewise, it is important for your estate plan to get a regular check up to address changes in your life circumstances or in the law to ensure that optimal...

3 Simple Ways to Avoid Probate Costs

Posted by James Lloyd | Nov 18, 2020 | 0 Comments

The bad news: When a deceased person's estate (all of their money and property) has to go through probate (the court-supervised process of distributing a deceased person's money and property), it can be subject to a variety of costs stemming from attorneys, executors, appraisers, accountants, cou...

HELP! This Probate Is Taking Forever!!!

Posted by James Lloyd | Nov 17, 2020 | 0 Comments

After a loved one dies, their money and property must be distributed to the right people, either according to their will or the state's default distribution scheme (found in its “intestacy” statute). While most people want the settlement process to be done ASAP, probate can take between 18 and 24...

Legal Requirements to Consider When Selecting an Executor

Posted by James Lloyd | Nov 13, 2020 | 0 Comments

The person you choose to be your executor (sometimes called a personal representative) will play an extremely important role, as that person will be responsible for gathering, securing, managing, and ultimately distributing your money and property when you pass away. As a result, you should make ...

Seven Ways to Avoid Family Fights over Your Property

Posted by James Lloyd | Nov 11, 2020 | 0 Comments

Ask a group of friends if they have experienced a family fight over property after a loved one has died, and you will be in for a lively and eye-opening conversation. Far too many families end up fighting, or at least experiencing tension, over a family inheritance. But it does not have to be tha...

What to Do When a Loved One Dies Abroad

Posted by James Lloyd | Nov 09, 2020 | 0 Comments

The death of a loved one can be one of the most disorienting life events. But if the loved one dies while traveling in a foreign country, the emotional and bureaucratic burdens can multiply exponentially. Contact the United States Bureau of Consular Affairs If foreign local authorities report a...

How Refinancing a Property Can Affect Your Estate Plan

Posted by James Lloyd | Nov 03, 2020 | 0 Comments

The mortgage business is booming in many parts of the country. Historically low interest rates have created an almost frenzied environment with homeowners scrambling to refinance their home loans at these low interest rates. Even a few tenths of a percentage point of interest, over thirty years, ...

Choosing a Corporate Trustee

Posted by James Lloyd | Nov 02, 2020 | 0 Comments

Making plans for your money and property after you pass away is not the most exciting thing to do. It involves thinking about situations that may cause feelings of fear and uncertainty. Nevertheless, it is essential to face those decisions head-on. You must determine what people, things, and valu...

Saving for School: Planning for Your Family’s Education

Posted by James Lloyd | Oct 30, 2020 | 0 Comments

Saving for School: Planning for Your Family's Education According to the National Center for Education Statistics, in the 2018–2019 academic year, the average tuition and fees for a public four-year institution were $9,200; $35,800 for a private nonprofit four-year institution; $3,700 for a publi...

Saving for College: What If There Is Money Left Over?

Posted by James Lloyd | Oct 29, 2020 | 0 Comments

Setting money aside for your children's or grandchildren's education is a great way to provide for their future. However, it is possible that not all of the money you have set aside will be used for college expenses. For example, your child may receive a large scholarship and will not need to use...

Considerations Before Heading South for the Winter

Posted by James Lloyd | Oct 28, 2020 | 0 Comments

For many snowbirds, cooler weather means it is time to head south. If you are thinking about heading for warmer weather this winter, there are a few things you should consider before hitting the road.  What is happening in your destination state? Because we are still in the midst of a pandemic...

How to Own Your Real Estate

Posted by James Lloyd | Oct 23, 2020 | 0 Comments

Real estate encompasses not only one's primary residence but also other real estate such as a vacation home or a rental property. The ideal form of ownership varies depending on the type of real estate you own. Below, we take a look at the different types of real estate and offer advice about the...

Estate Planning Strategies to Protect Your Spouse

Posted by James Lloyd | Oct 22, 2020 | 0 Comments

You have searched for and found the love of your life, maybe your first love, or maybe after a previous marriage. As you have built your life together, you have probably weathered your fair share of storms and grown stronger because of them. To prepare forthe future and the possibility of no long...

Trust Funding: Setting Your Trustee Up for Success

Posted by James Lloyd | Oct 21, 2020 | 0 Comments

For many people, a revocable living trust is a valuable tool to ensure that their finances are well managed during periods of incapacity and that their loved ones are financially secure upon their passing. However, signing the trust agreement doesn't end the estate planning process: To work prope...

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