
What do you understand by the term ‘estate planning?
Estate planning is deciding how a person’s wealth will be preserved, managed, and distributed after death. It also considers the management of personal assets and
Home » Probate Attorney
Estate planning is deciding how a person’s wealth will be preserved, managed, and distributed after death. It also considers the management of personal assets and
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.
If you haven’t married, or you are divorced and widowed then you might think that estate planning isn’t your cup of tea but it is.
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,
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
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
A will is a written document that specifies how one should divide and dispose of their property after passing away. A person creates a choice
What is a revocable trust? Forming trust is a straightforward process. First, you must set specific goals and meet your intended needs with the help
Estate Planning is something that we often ignore because we don’t find it necessary. There is even, a survey which says that only 4 out
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
When a person dies, assets must be distributed appropriately by applicable state laws and the instructions outlined in their will when alive. A probate lawyer
Estate planning attorneys are licensed legal professionals who specialize in the field of Estate planning and have a clear and thorough understanding of federal and
By definition, real estate is everything you own, including all property, vehicles, jewelry, shares, and money. Simple in theory, but what happens after you die?
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,
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
Role of the Probate Attorney in a will? Will is a legal document that a person or individual drafts. To express their wishes on how
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
When someone passes away, you fill out a will and start the probate process if you execute the probate process. However, what happens if there
What is probate? Probate indicates that there is a court proceeding involving: In a probate case, the court appoints an executor (if there is a
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
A living trust is created while the founder is still alive. They can make all sorts of changes before they die. Living trusts are effective
If a person’s estate does not go through probate, then any property left behind can be transferred to the next of kin without going through
When there is no trust, the probate procedure results in a court order specifying how assets will be distributed to the heirs. The family must
What kinds of Durable Power of Attorney Exist per estate planning lawyer? People appoint a durable power of attorney for various reasons, but they typically
Probate is a judicial process in which a will is “proven” in court and accepted as a valid official document. The valid document constitutes the
There are five ways life insurance plays a crucial role in estate planning. With life insurance, you can ensure that your loved ones will have
What is a Probate Attorney? A probate lawyer is a qualified attorney who helps clients decide how to protect their assets after they pass away.
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
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
Introduction The court uses state law to distribute the assets if the deceased didn’t leave a will. Having a last choice would have facilitated the