The probate process usually takes place in probate court and is known to most people as something that happens after someone passes away. Unfortunately, fewer people know that it can be a long and complicated process. It can sometimes take…
In the event of your death, a will addresses who will inherit your assets and properties according to your wishes. Your will names a personal representative (executor) who will carry out your directives. In addition to asset distribution, your executor…
In the United States, probate is the process by which a will is formally acknowledged, and a personal representative (executor) is named to administer the estate. Navigating the probate process will vary according to state law. Therefore, it is good…
Even though probate carries a stigma of having a bad reputation, thoughtful estate planning can minimize or avoid it. In reality, most heirs will have to navigate the probate process to some degree after losing a loved one. Understanding what…
Throughout probate, a will is formalized, a personal representative is appointed to administer the estate, and assets are distributed to intended beneficiaries. It also requires paying the decedent’s outstanding debts and federal and state taxes. Each state has different laws…
Legal techniques to avoid probate can be a good way to lower taxes, keep your estate private, and avoid having to gain court approval every step of the way. They can save you time, frustration, and in many cases, significant…
A complete estate plan must include a will, which is a legal document that disperses your property upon death. If you die without one (intestate), the state will distribute your assets and property via state law and quite possibly at…
Whether you are the Executor or an heir of the probate estate, knowing the lawyer’s role is one of the first steps you should take at the beginning of the probate process. One of the biggest sources of conflict in…