Is Estate Planning only for the Wealthy?
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
Home » living trust is a legal document
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
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
Probation can be an expensive and lengthy process. But what if you are a deceased relative and need access to the funds? The Probate Helper
When a lawyer’s license is canceled, the lawyer has been found guilty of a crime, fraud, or moral turpitude. A court may revoke a lawyer’s
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
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
Introduction An estate planning attorney is a lawyer who practices in all areas of estate planning—their ability to craft thorough estate plans that will best
The term “probate” refers to the court assessment of the copy of the Will. Moreover, it is accompanied by a grant of administration of the
Introduction Estate planning attorneys usually oversee the creation of living trusts. A living trust is a legal document that holds a person’s assets and property
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
Probate Attorney & Approving Holographic Wills Probate is the Court that manages the dissemination of a departed individual’s property after passing. The probate court then
The terms attorney and litigator are synonyms for professionals who have achieved the appropriate level of education to advise on legal issues and to represent
What is Estate planning? Estate planning is deciding who will get your assets, estate, and personal belongings upon death. This includes planning how much of
Think about how helpless it would feel to be unable to make your own decisions, especially if you didn’t prepare for the worst-case scenario. In
A lot of people are more interested in planning their vacation trips rather than estate planning. They think that estate planning is only for the
It is certainly very hard to contemplate your very mortality and we completely understand it. But then there are some people who ensure that their
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
An estate planning lawyer, also known as an estate planning attorney, is a certified professional lawyer. They have expertise in estate planning. These lawyers’ primary
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 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,
What is Probate? The probate process involves examining and distributing the assets of a deceased person’s estate. A probate court frequently looks at the assets
Probate is a judicial process in which a will is “proven” in court and accepted as a valid official document. The valid document constitutes the
Family, friends, and loved ones go through a sad and trying time when a loved one passes away. Additionally, those left behind frequently have to
What is Estate planning? Estate planning is deciding who will get your assets, estate, and personal belongings upon death. This includes planning how much of
An estate plan enables you to plan for what will happen after you pass away or if you become incapacitated and unable to care for
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
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
Let’s now discuss the “rights” of a Trustee, followed by the “rights” of the Trust beneficiaries, and the potential consequences of acting imprudently and losing
What to do with a loved one’s possessions is probably the last thing on your mind when they pass away. But, unfortunately, we have to
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