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Keeping Your House Out of Probate

The two main ways to have your house avoid going through probate is having it titled in the name of your living trust or a life estate deed

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Is there a way to get around probate?

Living trusts are probably the best-known way to avoid subjecting your family to the hassle and expense of probate court proceedings after your death.

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Which of the following items will pass through probate?

For the most part, assets that you own in your own name will be subject to probate. This can include vehicles, land, houses, bank accounts, investment accounts, stocks, bonds, and business interests. If your name is the only name listed on the deed, title, or account, then the items won’t pass on to your beneficiaries without going through the probate process first.

Personal property that may not come with deeds, titles, or other paperwork, like home electronics, artwork, clothing, and memorabilia are also considered to be assets in your name only, so they will also have to go through probate.

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Why Avoid Probate?

The two main reasons to avoid probate are the time and money it can take to complete. Remember that probate is a court process.

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Pros and Cons of Probate

Probate can eat up time and resources that not only delay your loved ones’ receipt of your assets but can also cause great stress in the months or even years it can take to settle an estate.

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What is Compliance?

Regulatory compliance is the process of complying with applicable laws, regulations, policies and procedures, standards, and the other rules issued by governments and regulatory bodies like FINRA, SEC, FDA, NERC, Financial Conduct Authority (FCA), etc.

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The Basics of Asset Protection

Asset protection is a set of strategies designed to safeguard your wealth from various risks, such as creditor claims, lawsuits, and other financial threats.

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What is Asset Protection?

Asset protection strategies can legally shield assets from lawsuits, creditor claims or unwanted beneficiaries.

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What is Litigation?

Litigation is the process of resolving rights-based disputes through the court system, from filing a lawsuit through arguments on legal motions, a discovery phase involving formal exchange of information, courtroom trial and appeal.

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Washington D.C. and Maryland Regulatory Compliance Lawyer

At The Law Office of Stevaughn J. Bush, Esq., we have extensive experience helping business owners navigate the web of regulatory compliance. No matter what type of business you own or operate, our team has experience from the most fundamental elements of compliance, to the most complex matters related to regulatory matters.

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Legacy Planning: What it means, how it works

Legacy planning is a financial strategy that prepares a person to bequeath their assets to a loved one or next of kin after passing. The Law Office of Stevaughn J. Bush, Esq. can your family create a comprehensive plan which secures assets for generations to come.

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How to Start an LLC in 7 Easy Steps

Use this seven-step guide to start an LLC today. Note that there are differences in laws and processes from state to state. The Law Office of Stevaughn J. Bush, Esq. can assist you in determining the optimal structure for your business.

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What does a small business lawyer do?

A business lawyer is responsible for assisting corporations with legal matters. Their role is to ensure everything done at the company is legal and above board.

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