
Is Estate Planning Only For the Wealthy?
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
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
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
One of the most common questions that people tend to have after the passing of a loved one is, do we need to probate the
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
Children are the most beautiful thing which can ever happen to a family. We all start getting worried about the future and security of our
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 a person inherits any estate from his parents after the death of his parents, then that estate inherited by the person could be subjected
Probate Probation is the legal procedure through which the assets of a deceased are reviewed. A probate lawyer carries it. Also, the inheritors of the
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
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
Before diving deep into whether a bank can release funds without Probate, we first need to understand what Probate is. What is Probate? Probate is
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
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
A Health care proxy or healthcare surrogate makes medical decisions on your behalf. A healthcare proxy will make sure the doctors follow your wishes. It
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
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
There is a common perception that estate planning only includes a will or a trust in someone’s or some organization’s name. But it is not
The goal of an estate planning attorney is to develop a personalized strategy that will enable you to efficiently pass your assets, including money and
Most people are aware of the need to use a will to leave property to their loved ones after death. You may believe that having
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 Probate? The court-supervised process of probate is where the assets of a recently deceased person, known as the decedent, are transferred into the
Introduction Wills by lawyers are usually best. But wills created and signed without the help of a lawyer will not be automatically invalidated. I have
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,
Real estate planning goes beyond making the will. Careful planning means collecting all your assets and ensuring they will transfer to the person or organization
A person is considered to have died intestate if they pass away without leaving a will; in this case, their assets, including their bank accounts,
What is probate? Probate indicates that there is a court proceeding involving: In a probate case, the court appoints an executor (if there is a
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
Introduction As a trust beneficiary, one might think that they are at the mercy of the Trustee, but beneficiaries have the right to make sure
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
Integrating the financial results of multiple subsidiary companies into the total economic performance of the parent company is known as consolidation accounting. When a parent