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
For “small estates,” almost every state now has expedited probate procedures or a chance to avoid it entirely. These transfer processes transfer the estate to
Giving someone power of attorney enables them to make decisions on your behalf. These choices may be judicial, fiscal, or medical. There are numerous types
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
What is trust? A trust is an estate planning tool that minimizes the estate and inheritance tax and saves your assets from probate; in a
What is Probate? Probate is the lawful authentication and validation of a will. Moreover, the general administration of a decedent’s estate or the estate of
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
What happens in the absence of a will? Even if your loved one hadn’t left a will, their assets still need to pass through the
Introduction Losing a loved one can shatter the person, especially if you are close to them. Finding the answers to all the nagging questions about
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
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
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,
Introduction The profound sense of loss of the loved one can be overwhelming. Therefore, when a family member dies, it is advisable to step back
A beneficiary deed can be essential to estate planning, especially if a person has an estate worth more than $5 million. So, what do you
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
When a person inherits any estate from his parents after the death of his parents, then that estate inherited by the person could be subjected
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
What is Probate? The court-supervised process of probate is where the assets of a recently deceased person, known as the decedent, are transferred into the
As the name suggests estate planning is basically a plan to deal with your estate. Estate planning is an essential tool to manage your assets
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
Probate is the judicial process whereby a will is “proved” in a court of law and accepted as a valid public document that is the
Introduction Wills by lawyers are usually best. But wills created and signed without the help of a lawyer will not be automatically invalidated. To be
Trusts are legal entities that will assume ownership of or own some assets after a specific triggering event. A trust involves information on how investments
In a trust, one person (“trustee”) holds assets on behalf of another person (“beneficiary”). Generally speaking, beliefs have unique special rules established by a written
You know it’s time to start working on your property plan. But you don’t know what essential elements to include in it. Understanding the key
Hiring a probate attorney can be a tough decision. There are a lot of factors to take into account. The followings are some pros and
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
Probate is the judicial process whereby one proves a will in a court of law and accepts it as a valid public document. A probate
What is Estate planning? Estate planning is deciding who will get your assets, estate, and personal belongings upon death. This includes deciding how much of
A Probate lawyer concentrates on wills, trusts, and estate planning, although they have vastly different areas of knowledge. Transactional lawyers take care of legal formalities
