If you’re just using a will for your estate plan or you don’t have a will, your estate goes through probate court. This is a long, drawn out process that is very costly to your estate...
When you pass away, your estate goes through probate. Probate will analyze your estate plan, assess assets and distribute them, but all of this occurs after your debts have been paid. Before entering probate court,...
No one wants to deal with probate, but if your estate must go through the process, you need an experienced probate attorney by your estate’s side. Since probate is a lengthy, confusing process, your executor...
Probate is the legal process that takes place after someone dies which includes a judicial decision about whether or not a will is valid and the settling of an estate. The estate is a combination of...
Question 1: What does it mean when an estate is “insolvent?” When a person dies and leaves behind property, that property is known as the estate. The estate includes both assets and debts. When the...
The benefits of avoiding probate are substantial. Not only will your estate likely save significant money in court costs, estate management fees and attorneys fees, but your inheritors will be able to receive their inheritances...
There are any number of movies or television shows which feature a scene in which the family members of a deceased relative assemble to hear a lawyer read the terms of the deceased person’s Will....
Choice 1: Spending estate funds on personal expenses. Your role as an executor or personal representative requires you to properly manage all estate property as a fiduciary, meaning you cannot simply use your position to benefit...
When you experience the death of a family member or loved one, one of the last things you ever think about dealing with are the financial realities that the deceased person left behind. In some...
If you are interested in avoiding the expense and time involved in having your estate pass through probate, an estate plan that focuses on probate avoidance should be one of your primary goals. While many...