Which Assets Do Not Come Under Probate?
Probate is the legal procedure that takes place just after the death of an individual. The process is where the validity of the decedent’s will is determined while someone, either friend or family, is designated as the estate executor. It is the job of the executor to manage the estate and distribute the assets within […]
How to secure documents heirs need during probate
If a loved one had died recently, you might require probate. In case the decedent has not left a will, a grant of letters of administration might be required. The official document gives the near and dear ones of the deceased the ability to deal with the deceased’s estate. Individuals can apply for probate either […]
The Consequences of Not Having a Will: How it Can Complicate Probate
When a person passes away and leaves behind a will, the estate executor or personal representative is responsible for managing and distributing the estate. The executor’s role involves handling the will and distributing assets to beneficiaries as outlined in the will. The individual who creates the will is known as the testator, who appoints the […]
Discover How to Make Probate Easy and Affordable!
Probate, also known as the court-supervised validation of a deceased person’s will, involves identifying their final assets, settling outstanding debts, and distributing their estate to the rightful beneficiaries. While probate laws vary by state, the overall process remains consistent, with attorneys playing a significant role in the proceedings. The probate process can significantly delay the […]
For Probate Process Why to Hire a Probate Attorney
The probate process can sometimes turn into a burden to the executor. There are many cases where probation becomes complex and hard to execute. When situations like this arise, executors prefer to hire a probate attorney. The attorney will work on behalf of the executor and manage all the probate-related tasks. The probate attorney is […]
The Costly Truth About Probate: How to Save Money and Time
Probate, a legal process for managing a deceased person’s assets, involves distributing assets to heirs and settling any outstanding debts. The executor handles these tasks on behalf of the deceased, using estate funds to pay taxes and fees associated with probate. Unfortunately, this can diminish the value of the estate left for heirs and add […]
Probate and Estate Planning- The Relationship
What is Probate? It is the legal procedure of distributing the estate of an individual as per his or her Will, after death. The estate executor designated in the decedent’s Will needs to apply for Grant of Probate for distributing the assets of the deceased legally among the beneficiaries or heirs. This speaks of the […]
Finding the Right Executor for Estate before Probate
Getting hold of the perfect executor for your estate before probate is one of the most integral parts of the estate planning procedure. And yes, it is not a very easy thing to do. After all, you must find someone who is not just responsible but someone you can depend on when it comes to […]
Can You Avoid Probate Completely?
When grieving the demise of a loved one, a complex financial and legal procedure is the last thing you would like to handle. But most of the time, that is exactly what happens when the near and dear ones of a deceased need to undergo the probate procedure. The family members of the decedent need […]
Challenges You Will Face during Probate
The probate procedure is specifically designed for facilitating the transfer of estate assets from the deceased to his or her beneficiaries. There are different steps involved in the process like estate valuation for tax purposes and the scope for creditors to come up with claims. In situations when the decedent has left behind a will, […]