
What Does an Estate Plan Include?
There is a common perception that estate planning only includes a will or a trust in someone’s or some organization’s name. But it is not
Inheritance tax
There is a common perception that estate planning only includes a will or a trust in someone’s or some organization’s name. But it is not
Estate planning helps in jointly owned property by ensuring a plan in place for the distribution of property in the event of death. The program
A probate lawyer or an estate administration attorney usually helps in wrapping up the estate of that person who has lost his life. You’ll get
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
Introduction You have an estate; did you know that? Everyone possesses one. According to the definition, an estate is everything you own, including all of
Following are the ways to manage estate planning- Create an inventory of what you own and what you owe. Make a detailed inventory of your
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
Introduction Disinheritance can be a hard choice. Nevertheless, this is sometimes necessary for the well-being of the estate, family members, and the disinherited. For various
A probate attorney is one of the most influential people you will need to contact when dealing with a loved one’s estate. The probate process
What is a living trust? A living trust is a fund that holds your assets while you are still alive. This term usually refers to
The probate process includes paying off the deceased’s debts and distributing the estate’s assets according to the will or state law. Probate lawyers, also referred
Creating an estate plan entails deciding who will ultimately inherit your assets if you cannot manage your affairs independently. It also specifies how you want
Probate is the judicial process whereby the court proves the will. The court accepts the legitimate public document that’s true to the last testament of
Each state has laws governed by procedures for creating, canceling, and providing the last wills and testaments. A testator, who creates a choice, typically has
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
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
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
Giving someone power of attorney enables them to make decisions on your behalf. These choices may be judicial, fiscal, or medical. There are numerous types
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
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
Estate planning is a good choice if you own a business and if you are worried about its future. A lot of people seem to
Introduction Divorce is a long and complicated process that may result in one or both spouses being left with few assets. The other spouse may
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,
Introduction Wills by lawyers are usually best. But wills created and signed without the help of a lawyer will not be automatically invalidated. I have
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
An estate planning lawyer, also known as an estate planning attorney, is a certified professional lawyer. They have expertise in estate planning. These lawyers’ primary
Power of attorney: what is it? Let’s first talk about what a power of attorney is, and then we’ll talk about whether it still holds
As you get older, there’s a considerable possibility you’ll need long-term care facilities that estate lawyers provide. According to the Department of Health and Human
Introduction Losing a loved one can shatter the person, especially if you are close to them. Finding the answers to all the nagging questions about
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