While wills and trusts detail a consistent and predictable path for assets to follow from the deceased’s estate, probate court handles issues where this situation is either unwritten or involves multiple parties without a sole beneficiary from a revocable living trust. Probate court is the area of law that recognizes, distributes, and seeks to better …
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While it is possible to avoid probate court with robust estate planning, many estates will go through a process where executors divide and share assets as best they can, given the information and wishes described by a will. As you might imagine, financial assets like bank accounts may be easily divided by examining their contents …
Confused when to update your estate planning? Have a look below to know all the details:
Planning for your death isn’t just for the wealthy. It’s something everyone should do. It can help you pass your estate to whomever you want to pass it to, be it your children, spouse, or your favorite charity. Due to rising death rates caused by new variants of Covid-19, the demand for estate planning is …
There comes a time in everyone’s life, when they start to think about passing on their life’s hard work to the people or causes they cherish. Having both a will and trust is vital to fulfill this. With that in mind, learn about the four fundamental differences between a will and a trust. How Is …
It’s almost an unspoken rule of respect to honor the deceased’s will, but certain challenges may cause a person with standing to contest a will. Will contesting has become a more common issue in recent years due to various different factors and is only expected to rise over the next few years. Here are some …
Whether you are in charge of another person’s estate or planning for your own future, there are many ways a probate lawyer can help. Have a look below to know the reasons to hire one.
Despite being one of the most straightforward legal processes, probate has a fairly bad reputation. To some, it’s just a mystery; to a few, it’s unimportant; yet there are a few who find it extremely complex. It looks complex only because there are so many misconceptions surrounding it and because the legalities also often vary …
Of all the things that complicate the estate planning and probate process, dying without a will is on the top of the list. If you die without a will, your estate property might go to someone who you don’t want it to go to! Here’s what really happens: If you’re married This largely depends on …
Probate processes are costly, extensive, and time-consuming. The entire probate process is very public, which often makes it difficult to maintain the deceased’s privacy and assets. Here are a few ways for you to avoid probate: Put your estate in a revocable living trust. The purpose of a living trust is to let individuals hold …
