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
What is a Probate? The Latin verb “probate” means to test or scrutinize, while the English word “probate” implies “to prove.” The executor of the
Probate begins soon after you lose your loved one. It is a legal proceeding validating a Will to settle an estate. But you might find
Most people are aware of the need to use a will to leave property to their loved ones after death. You may believe that having
A large inheritance can be both a blessing and a burden because the money may come in handy in the future and because the recipient
Introduction An estate planning attorney is a lawyer who practices in all areas of estate planning—their ability to craft thorough estate plans that will best
Who is a probate lawyer? When a person leaves the World, their assets must be dispersed and appropriately distributed per the directions they gave when
Ancillary probate- The ancillary probate is an extra probate process when the deceased person (decedent) has owned property in a state outside the state where
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
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
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
Power of attorney: what is it? Let’s first talk about what a power of attorney is, and then we’ll talk about whether it still holds
What is Estate planning? A person’s estate refers to all the property or assets owned by a person. These include real estate, cash, investments, vehicles,
What is trust? A trust is an estate planning tool that minimizes the estate and inheritance tax and saves your assets from probate; in a
The probate process includes paying off the deceased’s debts and distributing the estate’s assets according to the will or state law. Probate lawyers, also referred
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.
Let’s now discuss the “rights” of a Trustee, followed by the “rights” of the Trust beneficiaries, and the potential consequences of acting imprudently and losing
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 is Probate? The probate process involves examining and distributing the assets of a deceased person’s estate. A probate court frequently looks at the assets
Creating an estate plan entails deciding who will ultimately inherit your assets. If you cannot manage your affairs independently, it also specifies how you would
Probate is the judicial process whereby proving a will in a court of law. First, there is acceptance of the choice as a legitimate public
Estate planning concerns you, the person still alive and in charge of your property, and the people who will ultimately be in the order of
Introduction The United States has more immigrants than any other country in the world. With more than 45 million living inside its borders. While many
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
Why is estate planning important? The process of setting up the transfer of assets before death is known as estate planning. An estate plan tries
Planning your estate can give you privacy, security, and control over your legacy. Having a well-developed plan for what happens to your assets can provide
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
From identifying the assets of the estate and beneficiaries to disbursing the identified assets and inheritances, probate lawyers ensure that everything functions explicitly as per
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
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
