
What Is Estate Planning?
As the name suggests estate planning is basically a plan to deal with your estate. Estate planning is an essential tool to manage your assets
Will Page 10

As the name suggests estate planning is basically a plan to deal with your estate. Estate planning is an essential tool to manage your assets

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

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

One can request without consulting a lawyer. However, there are certain risks. Probate is the legal procedure for settling someone’s estate (their property, possessions, money,

Most estates must go through the legal procedure of probate in court after the estate owner’s death. Probate is a lawful procedure that handles the

Uniform Probate Code There is a set of probate codes of laws on all issues related to the Will and estates. The code, created to

Having an estate plan is important for everyone. It doesn’t matter if you are young, or you don’t have a lot of assets because it

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

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

Who is a probate lawyer? Every human being has to leave this World one day. There’s no denial in that. Every human being possesses some

Introduction Usually, a question wanders around the mind of almost all families who recently lost their close one “Does the probate attorney or executor have

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. So,

As a small business owner, you have a lot of responsibilities. Your employees, your customers, and your company are just a few of the many

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

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 The Discovery of new assets during or after the entire probate process can have a great impact on the estate’s tax liability. It also

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 a person dies, assets must be distributed appropriately by applicable state laws and the instructions outlined in their will when alive. A probate lawyer

What is Estate planning? Estate planning is deciding who will get your assets, estate, and personal belongings upon death. This includes planning how much of

Estate Estate refers to the inventory of an individual’s assets and properties at his death. Various assets such as real estate properties, vehicles, even financial

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

After someone’s death, it’s not always easy to identify everything they own. New assets found during or after the probate process can affect the probate’s

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

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

Trusts are legal entities that will assume ownership of or own some assets after a specific triggering event. A trust involves information on how investments

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

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

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 lawyers are licensed legal professionals who specialize in the field of Estate planning. They have a clear and thorough understanding of federal and

A probate session helps get a deceased person’s will to the rightful owner. A probate court, which has the legal authority to resolve issues relating