
Seven myths about wills and probate?
Myth No. 1: Probate Is ALWAYS Required for a Will. No, not all wills require a probate process. There are several exceptions to what must
Home » Estate Planning » Page 9

Myth No. 1: Probate Is ALWAYS Required for a Will. No, not all wills require a probate process. There are several exceptions to what must

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

Rarely, but occasionally, it may be permissible to leave some of your assets to your children. So, how can one give an inheritance while they

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

Estate planning helps in jointly owned property by ensuring a plan in place for the distribution of property in the event of death. The program

All individuals want to pass on a little fortune to their children or other loved ones. So they endlessly keep saving to make life somewhat

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

Probate may be complicated, especially if the deceased had a considerable estate. When probate is over, the executor or administrator must file a final account

There is a widespread misunderstanding regarding wills, estate handling, and the probate procedure. Many individuals believe that a will must always go through the probate

Introduction There are generally two types of probate. The first is the probate of a will. The second is a proceeding to administer the estate

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.

Introduction You have an estate; did you know that? Everyone possesses one. According to the definition, an estate is everything you own, including all of

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

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

Probate is a legal procedure of making the estate settled belonging to a deceased individual. If the individual leaves a will behind and a testament,

What is a revocable trust? Forming trust is a straightforward process. First, you must set specific goals and meet your intended needs with the help

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

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

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

A probate lawyer’s job is to ensure that any property goes to its rightful heir and avoid any dispute. However, an estate planning lawyer/attorney counsels

Introduction The court uses state law to distribute the assets if the deceased didn’t leave a will. Having a last choice would have facilitated the

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

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

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
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

Let’s now discuss the “rights” of a Trustee, followed by the “rights” of the Trust beneficiaries, and the potential consequences of acting imprudently and losing

Estate planning is something that most people don’t think about until they get older and need to plan for the future. Knowing your legal rights

Who is a probate lawyer? When a person leaves the World, their assets must be dispersed and appropriately distributed per the directions they gave when

For most families, the need for life insurance is the most significant concern in life. Young children face the financial burden of supporting their families,

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. So,