
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
Home » Estate Planning » Page 3
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
A probate lawyer or an estate administration attorney usually helps in wrapping up the estate of that person who has lost his life. You’ll get
Will is a legal document in which a person specifies how their assets will be divided, allocated, and utilized after they pass away. Everyone living
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
Do you want to safeguard your estate and your loved ones? Do you want to avoid a drawn-out probate process? Then you will want to
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
It doesn’t matter if you are planning to get married, a newly married couple or have been married for the years you need an estate
Probate Lawyers Probate attorneys, often known as estate attorneys, assist non-lawyer clients in carrying out their responsibilities as estate administrators, personal representatives, or executors. Moreover,
The probate process includes paying off the deceased’s debts and distributing the estate’s assets according to the will or state law. Probate lawyers, also referred
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
After getting married one of the most important legal decisions that a couple takes is of estate planning. Estate planning is a way of ensuring
Introduction The Discovery of new assets during or after the entire probate process can have a great impact on the estate’s tax liability. It also
Most people after hearing the term estate planning think that it is just for the wealthy. People with a huge amount of money are the
A person creates an estate plan as soon as you reach legal adulthood. Also, updating it every three to five years afterward is what many
Steps of the Probate Process There are four steps in the probate process. The first step is determining the validity of the Will. The second
An executor who does not report theft from an estate before inventory commits theft by stealing property from it before inventory is conducted. According to
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
Probate lawyer A probate lawyer is a state-approved statutory agent who advises an executor or one or more beneficiaries of a deceased property. Their responsibilities
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
Estate planning concerns you, the person still alive and in charge of your property, and the people who will ultimately be in the order of
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
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
Business is one such field where the people are busy and they have literally no time for themselves. In the line of business, you think
Power of attorney: what is it? Let’s first talk about what a power of attorney is, and then we’ll talk about whether it still holds
Everyone has distinct intentions when they plan their estate. While some prefer to spend their last dollar on their final day, others prefer to live
Uniform Probate Code There is a set of probate codes of laws on all issues related to the Will and estates. The code, created to
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
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
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