What are the technical terms one should know while opting for estate planning?
What is Estate planning? Estate planning is deciding who will get your assets, estate, and personal belongings upon death. This includes deciding how much of
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What is Estate planning? Estate planning is deciding who will get your assets, estate, and personal belongings upon death. This includes deciding how much of
Introduction Divorce is a long and complicated process that may result in one or both spouses being left with few assets. The other spouse may
Probate of Will The High court grants probate with the court seal and a copy of the Will attached. A statement of legal intent that
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
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
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
Introduction Imagine leaving all your wealth and money to your child or spouse and the creditors coming in and taking everything and leaving them nothing.
In a trust, one person (“trustee”) holds assets on behalf of another person (“beneficiary”). Generally speaking, beliefs have unique special rules established by a written
Introduction: The probate litigation procedure offers information, counsel, and legal representation when contesting a will or trust. For example, contesting a will or trust that
It’s understood below. Any lawyer may create a straightforward will for minor situations, such as naming the beneficiary of one’s 401(k). Still, experienced trust-and-estate lawyers
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
When a lawyer’s license is canceled, the lawyer has been found guilty of a crime, fraud, or moral turpitude. A court may revoke a lawyer’s
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
Who is a Probate Lawyer? After someone passes away, their will, assets, and possessions must go through the legal procedure known as probate. The specialist
Most estates must go through the legal procedure of probate in court after the estate owner’s death. Probate is a lawful procedure that handles the
Probation can be an expensive and lengthy process. But what if you are a deceased relative and need access to the funds? The Probate Helper
Overview of the Probate process The probate process begins when the executor of an estate files a petition with the probate court. During this point,
A living trust is created while the founder is still alive. They can make all sorts of changes before they die. Living trusts are effective
If you haven’t married, or you are divorced and widowed then you might think that estate planning isn’t your cup of tea but it is.
Inheritance tax: What is it? One form of tax that certain state governments impose is inheritance tax. You don’t need to be concerned about inheritance
Think about how helpless it would feel to be unable to make your own decisions, especially if you didn’t prepare for the worst-case scenario. In
Do you want to safeguard your estate and your loved ones? Do you want to avoid a drawn-out probate process? Then you will want to
It’s a callous decision for many couples to decide how to split up the family’s finances. But it’s not always easy to leave money for
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
A Will: What Is It? A will is a legally-binding document that outlines their final desires. It also specifies the beneficiaries list and estate allocation.
A lot of people are more interested in planning their vacation trips rather than estate planning. They think that estate planning is only for the
After getting married one of the most important legal decisions that a couple takes is of estate planning. Estate planning is a way of ensuring
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.
Estate planning ensures that the persons or entities to whom an individual desires to leave their estate do so in the manner planned. Once everything
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