Introduction Disinheritance can be a hard choice. Nevertheless, this is sometimes necessary for the well-being of the estate, family members, and the disinherited. For various
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
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
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
There are procedures for removing or changing a trustee if you are the creator, a co-trustee, or a beneficiary of a family trust and believe
Government gift tax Almost anything you own can be given as a gift. In addition, the IRS permits you to donate up to a specified
Estate planning is the preparation of an official document. It states who will handle and own an individual’s assets after death or incapacitation. It involves
International estate planning is more crucial than ever in the current world. It would be best if you had the counsel of an international estate
Have you made an estate plan yet? Is the right time for estate planning and creating a fund or trust? Do you want to secure
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
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 should consider estate planning sooner or later because it is the only way to guarantee that your end-of-life wishes should be carried out. Everyone
As you age, it’s important to have a strong estate plan to feel secure, knowing that your belongings and family will be cared for after
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
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
Understanding probate and probate attorney A certified copy of a will bearing the seal of a court with appropriate jurisdiction is called “probate.” Together with
Introduction If your loved one dies in another state, you may wonder if you need to hire a probate lawyer to help settle their property.
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
Estate planning lawyers, also known as estate planning attorneys, are attorneys with expertise in estate planning. They specialize in handling affairs related to probate, wills,
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
If a person’s estate does not go through probate, then any property left behind can be transferred to the next of kin without going through
Introduction A will is an important document that designates who will be in charge of your estate and belongings in the event of your death.
Creating an estate plan entails deciding who will ultimately inherit your possessions. If you cannot manage your affairs independently for any reason, thus also specify
Probate is a judicial process in which a will is “proven” in court and accepted as a valid official document. The valid document constitutes the
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
Introduction Estate planning attorneys are licensed legal professionals who specialize in the field of Estate planning and have a clear and thorough understanding of federal
Will is a legal document in which a person specifies how their assets will be divided, allocated, and utilized after they pass away. Everyone living
An executor who does not report theft from an estate before inventory commits theft by stealing property from it before inventory is conducted. According to
A group of national experts drafted and reviewed a set of model laws known as the Uniform Probate Code (UPC). UPC state specifically covers Trusts,
What is an estate planning attorney? Estate planning attorneys are those attorneys who have expertise in estate planning and have a brief understanding of both
