
What happens if you don’t apply for probate?
When someone passes away, you fill out a will and start the probate process if you execute the probate process. However, what happens if there
When someone passes away, you fill out a will and start the probate process if you execute the probate process. However, what happens if there
What is estate planning? Estate planning is creating legal documents to ensure that your assets are distributed according to your wishes. Estate planning can take
After the death of a person, the probate court oversees the entire process of transferring his/her assets to the beneficiaries, which is known as probate.
Estate planning is deciding how a person’s wealth will be preserved, managed, and distributed after death. It also considers the management of personal assets and
Estate planning attorneys are licensed legal professionals specializing in the field of Estate planning. They have a clear and thorough understanding of federal and individual
Understanding the probate lawyer: A probate lawyer is a state-licensed attorney who works with the executors and the beneficiaries of an estate to settle the
Estate planning is something that is required for the safety and happiness of our family. Reports have suggested that estate planning doesn’t just secure your
Introduction Disinheritance can be a hard choice. Nevertheless, this is sometimes necessary for the well-being of the estate, family members, and the disinherited. For various
When a person dies, assets must be distributed appropriately by applicable state laws and the instructions outlined in their will when alive. A probate lawyer
Create an inventory of what you own and what you owe. Make a detailed inventory of your assets and liabilities, including account numbers and contact
Estate planning lawyers are licensed legal professionals who specialize in the field of Estate planning. They have a clear and thorough understanding of federal and
Probate has always been considered a nerve-racking process that takes time and effort and costs a lot. That’s why many people are afraid of probate
A beneficiary, in a legal term, means the person who is the lawful inheritor or recipient of the deceased’s estate. The decedent mentions the beneficiary’s
In a trust, the trustor, or first party, gives the trustee the power to hold title to assets for the benefit of the beneficiary, or
Probate is the legal process necessary to deal with one’s property, assets, money, and any other last wish after death. Executors issue the probate of
Introduction There are generally two types of probate. The first is the probate of a will. The second is a proceeding to administer the estate
What is Trust in estate planning? A trust is a fiduciary partnership in which the trustor, or first party, grants the trustee the authority to
A fiduciary is someone who agrees to act on behalf of and in favor of another. Fiduciary’s role is mainly to manage their finances. The
Usually, the people who lose their loved one or the ones managing the emotional effect of losing a loved one do not focus on anything
Understanding the benefits of seeking professional assistance when making a will or taking responsibility for managing the deceased’s property is essential. Hiring a probate lawyer
Many spend more time planning vacations, choosing a car, and choosing a place to have dinner than planning property. After death, decide who inherits the
Introduction You have an estate; did you know that? Everyone possesses one. According to the definition, an estate is everything you own, including all of
Estate planning is one of the most critical responsibilities that an individual has. What you do with your assets when you die is something you
Estate Planning is something that we often ignore because we don’t find it necessary. There is even, a survey which says that only 4 out
Medical Power of Attorney A healthcare proxy or medical power of attorney appoints a person to make medical decisions on your behalf if you become
What is Estate planning? A person’s Estate refers to all the property or assets owned by a person. These include real Estate, cash, investments, vehicles,
Probate of Will The High court grants probate with the court seal and a copy of the Will attached. A statement of legal intent that
Several factors affect the time the banks take to release money from a deceased person’s account after the probate. For example, suppose a report of
Real estate planning goes beyond making the will. Careful planning means collecting all your assets and ensuring they will transfer to the person or organization
If a person’s estate does not go through probate, then any property left behind can be transferred to the next of kin without going through