While probate can be a lengthy and time-consuming process, it has a very important role in settling a person’s estate by validating their will, distributing property if a person dies without writing a will, or distributing assets if the will does not name a specific beneficiary to receive these assets. Probate is a formal process […]
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Probate, by its very nature, occurs at the worst possible time—when you are processing the death of a loved one. Probate involves administrative duties that include filing your loved one’s Last Will and Testament with the court and determining how your loved one’s property and accounts should be distributed. While probate can be a costly, […]
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Suppose you find yourself named as the executor of a friend’s estate. While you want to honor your friend’s last wish, you may wonder about the time commitment. Keeping an estate open refers to the time between the death and the assets being fully distributed. State laws typically govern the specific timeframe for keeping an […]
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Probate is a time-consuming and potentially expensive process. It’s important to understand which factors affect how your estate goes through the probate process and if there is a threshold value that triggers whether your estate qualifies for a small estate probate procedure. State laws will vary, but the value of your estate will determine whether […]
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If you haven’t designated beneficiaries or set up pay-on-death or transfer-on-death instructions for your accounts or property you own in your name only, your family may have to go through the probate process to claim their inheritance when you pass away. Writing a Last Will and Testament is an excellent start to developing a comprehensive […]
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Often you hear the drawbacks of the probate system and how it should be avoided at all costs, but the probate system was established to protect the decedent’s accounts and property, and the financial security of the family, whenever possible. Probate is the legal process for dissolving an estate, whether the decedent has a last […]
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Being the trusted executor of a friend’s or loved one’s Estate is quite an honor, and it may come with responsibilities that could feel daunting at times. Like all management roles, it takes organization, foresight, and attention to detail to be an effective executor. Probate is a legal process where a special court oversees the […]
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Some people think estate planning is only for the rich and famous. Some rich and famous forget to ensure they have a full and current estate plan. Both are mistakes and can cost your loved one’s time and money as your estate progresses through probate, and people have to guess your intentions. Prince, Whitney Houston, […]
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Having the title to your home means that your name is on the deed. “Tangled Title” refers back to the scenario while you stay in a home you own (or have a proper to own) however your call isn’t at the deed. Most often, titles get tangled the person whose call is at the deed […]
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In today’s world, especially after the pandemic, nearly all business functions offer an electronic alternative. In the past, all the meetings were in the offices, now, people feel more comfortable holding most of their meetings online. In most cases, they are faster to execute, less expensive, and easier to implement. So too, documents that are […]
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