
Different roles and responsibilities of estate planning
Estate planning is deciding what will happen to your hard-earned wealth, money, and property when you cannot make your own decisions. Your property plan should

Estate planning is deciding what will happen to your hard-earned wealth, money, and property when you cannot make your own decisions. Your property plan should

A probate lawyer is a type of attorney who focuses on the legal aspects of estate law. He can also handle wills, trusts, and real

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

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

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

Steps of the Probate Process There are four steps in the probate process. The first step is determining the validity of the Will. The second

Why is it necessary to probate? Some people can make many wills in their lifetime. Therefore, land registry offices, banks, and other entities traded by

Will is a legal document that intends to declare how one wants their personal belongings, properties, and assets to be distributed and to whom after

What is Trust in estate planning? A trust is a fiduciary partnership in which the trustor, or first party, grants the trustee the authority to

Does one have to pay taxes if they receive an inheritance, as per an estate planning lawyer? Beneficiaries may be subject to inheritance taxes; most

When a person dies, the probate attorney handles the process of estate administration. So, it’s time to understand who takes the attorney and its duties.

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

Probate is the judicial process whereby one proves a will in a court of law and accepts it as a valid public document. A probate

Uniform probate code The National Conference of Commissioners on Uniform State Laws (NCCUSL) drafts the Uniform probate code. NCCUSL tends to govern inheritance as well

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,

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

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

Probate is the legal process necessary to deal with one’s property, assets, money, and any other last wish after death. Executors issue the probate of

Creating an estate plan entails deciding who will ultimately inherit your assets if you cannot manage your affairs independently. It also specifies how you want

An estate plan enables you to plan for what will happen after you pass away or if you become incapacitated and unable to care for

There is a common perception that estate planning only includes a will or a trust in someone’s or some organization’s name. But it is not

Each state has laws governed by procedures for creating, canceling, and providing the last wills and testaments. A testator, who creates a choice, typically has

A person’s estate consists of all of their possessions and assets. It includes real estate, buildings, gold, stock, mutual fund holdings, life insurance policies, cash,

Business is one such field where the people are busy and they have literally no time for themselves. In the line of business, you think

The difference between a probate lawyer and a Real-Estate Lawyer can be made by thinking of it related to the before and after terms. Usually,

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 Usually, a question wanders around the mind of almost all families who recently lost their close one “Does the probate attorney or executor have

Real estate planning goes beyond making the will. Careful planning means collecting all your assets and ensuring they will transfer to the person or organization

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.

Although the beneficiary designation is a crucial step in estate planning, it is handled separately from your actual estate plan. Additionally, if the provisions in