Probate and Estate Planning- The Relationship
What is Probate? It is the legal procedure of distributing the estate of an individual as per his or her Will, after death. The estate executor designated in the decedent’s Will needs to apply for Grant of Probate for distributing the assets of the deceased legally among the beneficiaries or heirs. This speaks of the […]
Discover How to Bypass Probate Altogether!
Dealing with the financial and legal aspects after the loss of a loved one can be overwhelming. The probate process is something that the family members of the deceased must navigate, and understanding it can help avoid any surprises along the way. Understanding Probate and its Importance Probate is a legal process that involves managing […]
Challenges You Will Face during Probate
The probate procedure is specifically designed for facilitating the transfer of estate assets from the deceased to his or her beneficiaries. There are different steps involved in the process like estate valuation for tax purposes and the scope for creditors to come up with claims. In situations when the decedent has left behind a will, […]
Can You Include the Care of Your Pets in Probate?
Many individuals often miss out on thinking about what will happen to their pets if they are no more. This is a very difficult subject to take into account. But it is also one of the most significant subjects to address sooner than later. Animals outliving their owners need to go through uncertain fates. If […]
How can you become the personal representative of a dead parent during probate
Death news of a close one who can be your family members or your loved ones is miserable. And if they are your parents, then it is tough to explain. Firstly you give some time to yourself. If you get ok with the situation, you have to look after all of your parents’ estates by […]
Unlocking the Mystery: When Does an Estate Require Probate?
When a descendant passes away, the distribution of their property can be determined through a will or by the probate court if no will exists. In the absence of a will, the court appoints a Personal Representative to follow the laws of Descent and Distribution, typically based on hereditary succession. The probate process involves collecting […]
Probate Attorney Brings Immense Benefits During Estate Planning
Do you require a probate attorney during estate planning or not? This is a question that confuses many people. However, a probate attorney is a specialist who can bring his expertise as well as experience to the table. Moreover, the attorney brings along his high level of know-how, combined with ample unforeseen benefits. Now, estate […]
Maximize Your Legacy: How a Probate Attorney Can Help You Plan Your Multi-State Property Estate
Dealing with the probate process can be quite challenging, especially when you have properties in multiple states. This complexity often leads individuals to seek the assistance of a probate attorney. By enlisting the help of a knowledgeable attorney, you can navigate the intricate landscape of estate planning with ease, particularly when it involves properties spread […]
Shielding Your Assets: How to Safeguard Property from Creditors During Probate
Many individuals do not consider what will happen to their debts once they pass away, assuming that creditors will simply collect from their estate if it does not go through probate. Typically, the deceased’s family members are responsible for paying off valid debts such as bills, funeral expenses, taxes, and medical bills. However, failing to […]
Which Taxes Need To Be Paid During Probate?
According to the Law of a country, the death of a taxpayer citizen generalizes two facts. The first being the date close to the late person’s last year of paying tax, which is to file the income tax return. The other is establishing a different body for tax purposes, which mainly suggests the ‘estate.’ There […]