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Why is estate planning important? The process of setting up the transfer of assets before death is known as estate planning. An estate plan tries
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Why is estate planning important? The process of setting up the transfer of assets before death is known as estate planning. An estate plan tries

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

Probates are considered one of the most time-consuming and lengthy legal processes, which require tons of paperwork, court appearances, and background checks and can be

A person’s estate comprises all their belongings and assets, such as real estate, buildings, gold, stocks, mutual fund investments, life insurance policies, money, bank accounts,

A Health care proxy or healthcare surrogate makes medical decisions on your behalf. A healthcare proxy will make sure the doctors follow your wishes. It

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

Estate planning concerns you, the person still alive and in charge of your property, and the people who will ultimately be in the order of

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

Life has no guarantee; no one knows what might happen the next second. It is possible that everything you have earned, saved, and worked so

An inheritance tax (IHT) is imposed on property that has been gifted or inherited. Even though IHT is charged upon death, it may also be

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

A question that pops up inside every adult’s mind is, “Do I need an estate plan?” A study reported that more than 76% of adults

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

Estate planning is frequently postponed until it is too late. They might believe it’s only for affluent people, think it’s complicated, or find it challenging

Many spend more time planning vacations, choosing a car, and choosing a place to have dinner than planning property. After death, decide who inherits the

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.

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

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

In a trust, one person (“trustee”) holds assets on behalf of another person (“beneficiary”). Generally speaking, beliefs have unique special rules established by a written

Estate planning is the preparation of an official document. It states who will handle and own an individual’s assets after death or incapacitation. It involves

As you get older, having a secure estate plan is essential to know your property and family will be taken care of when you are

Introduction An Estate of a person includes everything they own. From one’s home to vehicles, bank accounts, insurance, financial investments, properties, and other personal belongings.

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

What is an estate planning attorney? Estate planning lawyers, also known as estate law lawyers or probate lawyers, are skilled and qualified legal experts with

Introduction What could be worse than going through a formal probate court process when a loved one passes away? Whether conducting two of these court

Introduction An estate planning attorney is a lawyer who practices in all areas of estate planning—their ability to craft thorough estate plans that will best

Think about how helpless it would feel to be unable to make your own decisions, especially if you didn’t prepare for the worst-case scenario. In

Probate lawyer A probate lawyer is a state-approved statutory agent who advises an executor or one or more beneficiaries of a deceased property. Their responsibilities

Estate planning attorneys are licensed legal professionals specializing in the field of Estate planning. They have a clear and thorough understanding of federal and individual

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