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 large inheritance can be both a blessing and a burden because the money may come in handy in the future and because the recipient
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
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
Why is it necessary to probate? Some people can make many wills in their lifetime. Therefore, land registry offices, banks, and other entities traded by
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
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
Introduction As a trust beneficiary, one might think that they are at the mercy of the Trustee, but beneficiaries have the right to make sure
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
The legal document known as a will specifies what will happen to your possessions after death. If you pass away without making a will, a
What is a Probate Attorney? To get to know what a Probate attorney is, we should first understand what probate means. Probate is the legal
What to do with a loved one’s possessions is probably the last thing on your mind when they pass away. But, unfortunately, we have to
The formal legal procedure known as “probate” designates the executor or personal representative who will manage the estate. The lawyer also transfers assets to the
Introduction A will is an important document that designates who will be in charge of your estate and belongings in the event of your death.
Who is a probate lawyer? A state-licensed attorney who assists the beneficiaries and executors of an estate in settling the decedent’s affairs is known as
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
Early estate planning is a proactive step one has to take. The step is to lessen the burden the loved ones will experience when handling
Creating an estate plan entails deciding who will ultimately inherit your possessions. If you cannot manage your affairs independently for any reason, thus also specify
The terms attorney and litigator are synonyms for professionals who have achieved the appropriate level of education to advise on legal issues and to represent
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
The cost of hiring a probate lawyer Hiring a lawyer is one of the most expensive parts of the probate process for many families. A
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
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
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
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
Estate planning is a susceptible process. Even one mistake can lead all your assets to doom. That’s why there are specific guidelines for inexperienced people
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
There are several questions to consider when writing a will. It would not be easy to anticipate every inquiry an estate planning lawyer needs to
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
The goal of an estate planning attorney is to develop a personalized strategy that will enable you to efficiently pass your assets, including money and
