Should your Probate and Estate Planning Attorney be the Same?
Probating is an intricate process which is time-consuming and requires a lot of legal paperwork. However, one should not confuse Will planning and Estate planning as the same thing. Estate planning includes a plethora of nuances unfound within the structure of probate. This type of planning includes strategizing how to reduce the tax-burden on the […]
The Expenses Involved in Probate
Having an estate plan ensures continuity of wealth through inheritance, making an estate plan lucrative for families of all classes. If an individual does not know the nuances of probate, it might be a very expensive affair for him/her. Without any premeditated estate plan, an individual may end up paying more than he or she […]
Challenges in Contesting a Will After Probate
A Will details how the testator’s property and other valuable assets will be distributed amongst his/her heirs. Testamentary Wills are thought of as the final say of the decedent, making sure it is executed the way the testator wants it to be is paramount. In the event a beneficiary is not happy with his share […]
Backup executors can help the Probate process run smoothly
When an individual makes a Will, the person they select to be their executor may be hail and hearty. But there are chances that the executor may fall into ill health or expire before the Will maker. It is a reality of life that anybody can die unknowingly. Even though it is an unimaginable scenario, […]
Devise an estate plan that best suits one’s needs
Estate planning benefits all, whether one has a large estate or a small one. Formulating an estate plan makes sure that assets and property get distributed as per the deceased’s wishes, with the least amount of delay. Estate planning mainly allows one to decide who should benefit from his/her estate and to what length. It […]
The absence of a Will can make the Probate process troublesome
Will is the lawful proclamation of a person’s intent, which they wish to perform after death and decide who should manage their property until its disposition. Probate is a lawful process that administers the distribution of one’s assets after death. It’s a copy of the Will attested by the court to grant the management of […]
Probate process success depends on the executor
While drafting a will, an individual needs to name an executor in the will who will act on behalf of him/her after his/her death, the testator must authorize an intellectual and trustworthy person with this responsibility. The executor performs all the required tasks in the probate process. He/she makes sure that the desires and wishes […]
Probate lawyer ensure efficient completion of tasks
Everybody owns some estate, which they want to get transferred to their loved ones after their death. The estate of the deceased gets transferred to the heirs through the probate process. The executor named in the will executes the process. Probation is a simple process but gets complicated when the decedent’s estate is big. The […]
Probate administers the distribution of the deceased’s assets
Probate is a process to execute the will of the decedent and distribute his/her assets. The executor of the will executes the probate process in a probate court. Many people have the misconception that preparing a will is only for the wealthy ones. Will is a legal document required by every family irrespective of their […]
Suggestions To Smoothen The Probate Process Through Estate Planning
To smoothen the Probate process, it is advisable to create an estate planning strategy that helps your family gain access to assets after your die. A personal representative is an attorney acting in the best interest of a decedent during probate. Furthermore, he/she is responsible for employing the use of clauses from the UTMA and […]