The much-loved Prince, a significant figure in the music industry, just passed away. The passing of this music legend highlights the need for estate preparation.
The probate process Probate is the procedure where the probate court authorizes the estate representative to speak and act on behalf of the estate. This
Introduction Imagine leaving all your wealth and money to your child or spouse and the creditors coming in and taking everything and leaving them nothing.
A question that pops up inside every adult’s mind is, “Do I need an estate plan?” A study reported that more than 76% of adults
Most people are aware of the need to use a will to leave property to their loved ones after death. You may believe that having
Why is it necessary to probate? Some people can make many wills in their lifetime. Therefore, land registry offices, banks, and other entities traded by
There is no life expiration of the valid wills. But then, what happens when the probate attorney discovers the Will after the probate? Then, the
Having an estate plan is important for everyone. It doesn’t matter if you are young, or you don’t have a lot of assets because it
One can request without consulting a lawyer. However, there are certain risks. Probate is the legal procedure for settling someone’s estate (their property, possessions, money,
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. Who’ll
More time may be required than most people realize to fulfill the duties of a will executor. In addition to ensuring that assets are distributed
Introduction What could be worse than going through a formal probate court process when a loved one passes away? Whether conducting two of these court
Ancillary probate- The ancillary probate is an extra probate process when the deceased person (decedent) has owned property in a state outside the state where
Introduction The attorney will handle the will, probate, and other legal issues that arise. The probate attorney will also help with administering the estate 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
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
As you age, it’s important to have a strong estate plan to feel secure, knowing that your belongings and family will be cared for after
Will is a legal document that intends to declare how one wants their personal belongings, properties, and assets to be distributed and to whom after
What is Probate? A person expresses his desire to share their property with loved ones through a will. A probate is a court procedure to
Probate begins soon after you lose your loved one. It is a legal proceeding validating a Will to settle an estate. But you might find
Early estate planning is a proactive step one has to take. The step is to lessen the burden the loved ones will experience when handling
Introduction If your loved one dies in another state, you may wonder if you need to hire a probate lawyer to help settle their property.
There is a common perception that estate planning only includes a will or a trust in someone’s or some organization’s name. But it is not
An inheritance tax (IHT) is imposed on property that has been gifted or inherited. Even though IHT is charged upon death, it may also be
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
The term ‘estate’ accounts for an individual’s personal and financial belongings. Moreover, they ensure that everything happens as they wish in a legal and structurally
When there is no trust, the probate procedure results in a court order specifying how assets will be distributed to the heirs. The family must
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
Creating an estate plan entails deciding who will ultimately inherit your assets. If you cannot manage your affairs independently, it also specifies how you would
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
