Seven myths about wills and probate?
Myth No. 1: Probate Is ALWAYS Required for a Will. No, not all wills require a probate process. There are several exceptions to what must
Home » Estate Plan
Myth No. 1: Probate Is ALWAYS Required for a Will. No, not all wills require a probate process. There are several exceptions to what must
What is a will? A will is a legal document that details the wishes of the deceased. It is the last will of the individual.
Uniform probate code The National Conference of Commissioners on Uniform State Laws (NCCUSL) drafts the Uniform probate code. NCCUSL tends to govern inheritance as well
A probate attorney is one of the most influential people you will need to contact when dealing with a loved one’s estate. The probate process
A Probate lawyer concentrates on wills, trusts, and estate planning, although they have vastly different areas of knowledge. Transactional lawyers take care of legal formalities
Do you want to know whether you will have to undergo Probate now that your loved one has passed and leaves a last will and
Introduction Divorce is a long and complicated process that may result in one or both spouses being left with few assets. The other spouse may
The security of both assets or property and your family is essential. This estate plan can help you with a smooth estate plan. So, let
Becoming a qualified Probate Attorney can open a lot more opportunities for you. For example, the probate Attorney helps with estate planning after the person
Estate planning lawyers are licensed legal professionals who specialize in the field of Estate planning and have a clear and thorough understanding of federal and
A person’s estate consists of all of their possessions and assets. It includes real estate, buildings, gold, stock, mutual fund holdings, life insurance policies, cash,
The legal document known as a will specifies what will happen to your possessions after death. If you pass away without making a will, a
Introduction A will is an important document that designates who will be in charge of your estate and belongings in the event of your death.
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 Losing a loved one can shatter the person, especially if you are close to them. Finding the answers to all the nagging questions about
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
Probate is a process of dispersion of Will through a legal procedure. Moreover, one can refer to probate as the general administration of a decedent’s
Estate planning is something that most people don’t think about until they get older and need to plan for the future. Knowing your legal rights
Does one have to pay taxes if they receive an inheritance, as per an estate planning lawyer? Beneficiaries may be subject to inheritance taxes; most
An Estate of a person includes everything he owns. From one’s home to vehicles, bank accounts, insurance, financial investments, properties, and other personal belongings. So,
Probate may be complicated, especially if the deceased had a considerable estate. When probate is over, the executor or administrator must file a final account
By definition, real estate is everything you own, including all property, vehicles, jewelry, shares, and money. Simple in theory, but what happens after you die?
When people talk about “Estate Planning” they often think that it is only for the wealthy. We think that most people are living with the
Each state has laws governed by procedures for creating, canceling, and providing the last wills and testaments. A testator, who creates a choice, typically has
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
Estate plans are very different and vary based on the individuals who make them. When making an estate plan, every person is different and so
Creating an estate plan entails deciding who will ultimately inherit your assets if you cannot manage your affairs independently. It also specifies how you want
When you have a lot of money, managing your finances cannot be easy. The more money you have, the more difficult it is to spend
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
People devote their first years of employment to caring for and supporting dependents. They don’t begin to consider and plan for retirement until they are