The estate administration process involves managing a deceased person’s assets and distributing them to their beneficiaries. This process typically includes identifying and inventorying the decedent’s assets, paying debts and taxes, and distributing any remaining assets to the beneficiaries named in the decedent’s will. Without a valid will, actions are taken to comply with state intestacy […]
A proper estate plan can mitigate unwanted risks by anticipating what might occur and preventing problems before they arise, which can reduce the complexity, length, and expense of probate. Sound estate planning can make the probate process run efficiently and smoothly, protecting your estate’s value and legacy, and preserving your family’s well-being. Probate includes: Avoiding […]
Despite sounding complicated and expensive, probate is a standard legal procedure used to transfer assets from decedents to their beneficiaries. Whether or not you require probate depends on the type of property and how you own it, and the state laws in which you live. While probate can be a complex process for vast estates, […]
In addition to guardianships and conservatorships, will contests, real estate disputes, and litigation over the true intentions of gifts, probate litigation may include guardianship disputes and conservatorship disputes. The most successful approach to mitigating or avoiding probate litigation risk is carefully planning for the future. Comprehensive estate plans that are routinely updated, careful consideration and […]
Probate is the method by which judicial officials, including probate judges, process a decedent’s will. While state probate laws may vary, the general process is quite similar across the country. Probate is the process of proving wills for decedents’. A probate judge will also oversee cases where the deceased person did not prepare a will, […]
Conservators are put in place through court authority to manage the affairs of those who are no longer capable of making their own decisions about health care or finances. While most people’s lifestyles and fortunes are decidedly different from Ms. Spear’s, the problems she has and continues to experience are a cautionary tale for all […]
Preparing for a successful transfer of wealth to your loved ones begins with a comprehensive estate plan. However, many of us often overlook the crucial part of communicating our estate plan to family and heirs. Even with a thorough and up-to-date estate plan, your family may experience emotional or financial turmoil despite your best efforts. […]
If the coronavirus pandemic has taught us anything, it is that life is uncertain. Too many aging Americans found themselves with a life-threatening COVID-19 illness in 2020 without legal documents naming trusted love ones to make decisions for their well-being while they were incapacitated. Family caregivers are generally given the task of some medical and […]
After an asset-holder dies, the court will appoint a valid will’s executor to administer the probate process. Probate is the legal…
The beloved talk-show host, Larry King married seven women and had five children with several of them. He died at age 87 on January 23,…
When a loved one dies with a will, the will lays out who shall receive their property, and which person (called the executor) will be in…
You can have both a will and a trust; however, the information in each should compliment the other. Wills and trusts have specific and…