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
When someone passes away, probate (assuming they left a will) and estate administration are typically used to wrap up the deceased’s financial affairs. Moreover, in
When you have a lot of money, managing your finances cannot be easy. The more money you have, the more difficult it is to spend
What is an estate planning attorney? Estate planning attorneys are those attorneys who have expertise in estate planning and have a brief understanding of both
Introduction A will is an important document that designates who will be in charge of your estate and belongings in the event of your death.
Probate Attorney & Approving Holographic Wills Probate is the Court that manages the dissemination of a departed individual’s property after passing. The probate court then
It doesn’t matter if you are planning to get married, a newly married couple or have been married for the years you need an estate
Introduction As a trust beneficiary, one might think that they are at the mercy of the Trustee, but beneficiaries have the right to make sure
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
An executor who does not report theft from an estate before inventory commits theft by stealing property from it before inventory is conducted. According to
A durable power of attorney is one of the most crucial documents that every person after eighteen should consider. A power of attorney has primarily
Ce or gain favor. You may need the Beneficiary’s consent to amend the trust deed as it was held in a 1956 court case. Beneficiaries
Medical Power of Attorney A healthcare proxy or medical power of attorney appoints a person to make medical decisions on your behalf if you become
Probate is the judicial process whereby there is proof of a will in a court of law. One accepts a will as a valid public
An Estate of a person includes everything he owns. From one’s home to vehicles, bank accounts, insurance, financial investments, properties, and other personal belongings. Who’ll
A probate process helps in the rightful possession of a will. A probate court, which has the legal authority to resolve issues relating to wills
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
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
A probate lawyer’s job is to ensure that any property goes to its rightful heir and avoid any dispute. However, an estate planning lawyer/attorney counsels
What is estate planning? Estate planning is creating legal documents to ensure that your assets are distributed according to your wishes. Estate planning can take
What probate is: Probate is a legal procedure to validate a will. The general administration of a decedent’s estate or the estate of a decedent
As you age, it’s important to have a strong estate plan to feel secure, knowing that your belongings and family will be cared for after
Estate planning is not just for Wealth. Even though we usually associate the word “estate” with the extremely wealthy. Everyone can gain from having an
Being parents has always been a tough job. Taking care of your children and making sure that they are safe, has always been the primary
You know it’s time to start working on your property plan. But you don’t know what essential elements to include in it. Understanding the key
Introduction Inheritance may be required. As a result, most people need to consult a probate lawyer at some point. Unfortunately, this cannot be easy. After
Making plans for one’s demise is something that nobody wants to do. However, you must make many crucial choices that you shouldn’t delegate to your
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
Government gift tax Almost anything you own can be given as a gift. In addition, the IRS permits you to donate up to a specified
