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July 2014 Archives

Phillip Seymour Hoffman's will expresses his intentions

Representatives of actor Philip Seymour Hoffman filed his will in probate court. Hoffman died in February having a will that leaves his entire estate to a woman named in the will as his "friend and companion." The woman, Mimi O'Donnell, the mother of his three children, was treated essentially as a spouse, according to additional papers filed with the court.

The benefits of revocable trusts for Minnesota residents

Anyone who is looking to avoid the probate process may wish to put their assets into a revocable trust. Like a will, a revocable trust can be amended to suit the needs of the person administering the trust. The advantages of a revocable trust in addition to avoiding probate include the ease of is administration as well as the lower cost of a revocable trust compared to an irrevocable trust.

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Jeffrey P. Scott & Associates

Jeffrey P. Scott & Associates LLC
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