The formal legal procedure known as “probate” designates the executor or personal representative who will manage the estate. The lawyer also transfers assets to the
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
Individuals or families who find something troubling them in any legal situation experience very stressful situations in life. During these challenging times, a probate lawyer
A trustee sale is a sale of the interest in the property held by a trust, such as a trust deed, a trusted mortgage, or
What is Estate planning? A person’s estate refers to all the property or assets owned by a person. These include real estate, cash, investments, vehicles,
Lawyers usually use one of three methods to calculate probate jobs. Hourly, flat rate, or percentage of the value of a real estate asset. Attorneys
Government gift tax Almost anything you own can be given as a gift. In addition, the IRS permits you to donate up to a specified
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
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
There are several advantages that including a trust in your estate plan can offer you and your loved ones, whether you’re wanting to avoid probate,
What is a living trust? A living trust is a fund that holds your assets while you are still alive. This term usually refers to
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
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
Inheritance tax: What is it? One form of tax that certain state governments impose is inheritance tax. You don’t need to be concerned about inheritance
Estate Estate refers to the inventory of an individual’s assets and properties at his death. Various assets such as real estate properties, vehicles, even financial
What is Trust in estate planning? A trust is a fiduciary partnership in which the trustor, or first party, grants the trustee the authority to
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
A probate lawyer is a type of attorney who focuses on the legal aspects of estate law. He can also handle wills, trusts, and real
Although the beneficiary designation is a crucial step in estate planning, it is handled separately from your actual estate plan. Additionally, if the provisions in
Medical Power of Attorney A healthcare proxy or medical power of attorney appoints a person to make medical decisions on your behalf if you become
The real estate planning process often goes without dispute. However, if the trustee’s plans or actions conflict with the testator’s intentions or the beneficiary’s expectations,
One of the leading estate planning strategies to secure your family’s future after your passing is to get life insurance within a trust. Your life
Who is a Probate Lawyer? A probate lawyer is an attorney who specializes in all facets of probate law. They will have previous expertise in
The probate process covers every aspect of estate administration. It includes validating the will to settle the deceased’s estate and appointing an estate administrator. Moreover,
What is a Probate Attorney? A probate lawyer is a qualified attorney who helps clients decide how to protect their assets after they pass away.
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
Following are the ways to manage estate planning- Create an inventory of what you own and what you owe. Make a detailed inventory of your
There are many steps involved in estate planning, such as deciding the best way to dispose of your assets, such as giving them to your
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
What is estate planning? Estate planning is creating legal documents to ensure that your assets are distributed according to your wishes. Estate planning can take
