Introduction An Estate of a person includes everything they own. From one’s home to vehicles, bank accounts, insurance, financial investments, properties, and other personal belongings.
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
What Are Estate Planning components? A will, guardianship designations, healthcare powers of attorney, beneficiary designations, durable powers of attorney, and a personal letter of intent
Have you made an estate plan yet? Is the right time for estate planning and creating a fund or trust? Do you want to secure
Introduction There are generally two types of probate. The first is the probate of a will. The second is a proceeding to administer the estate
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
You can save on a significant amount of time and money if you plan well in advance. This planning should be about what will happen
No one likes to be out of their ancestors’ will. However, sometimes the person’s name is nowhere in the choice. Therefore, in those situations, there
Dying after leaving behind a will is always recommended by the probate attorney in Brooklyn. This way the estate will get distributed among the beneficiaries
It doesn’t matter if you are planning to get married, a newly married couple or have been married for the years you need an estate
What Is Probate Probate is a legal procedure through which assets are passed legally. Moreover, the probate process is considered to be problematic in the
After the death of a person, the probate court oversees the entire process of transferring his/her assets to the beneficiaries, which is known as probate.
What is an estate planning attorney? Estate planning attorneys are those attorneys who have expertise in estate planning and have a brief understanding of both
Estate plans are very different and vary based on the individuals who make them. When making an estate plan, every person is different and so
It is certainly very hard to contemplate your very mortality and we completely understand it. But then there are some people who ensure that their
The term “probate” refers to the court assessment of the copy of the Will. Moreover, it is accompanied by a grant of administration of the
Most people are aware of the need to use a will to leave property to their loved ones after death. You may believe that having
An estate surrounded by gardens, outbuildings, pools, farmland, woods is called a large estate. The administration for settling large estate probate is known as large
Estate planning is one of the most critical responsibilities that an individual has. What you do with your assets when you die is something you
When you live in NYC, and if you die without leaving a will, things can actually get complicated for your family members. Before you die
People appear to spend more time arranging a vacation, buying a car, or even dining out than they do picking who will inherit their assets
An estate plan enables you to plan for what will happen after you pass away or if you become incapacitated and unable to care for
Introduction Wills by lawyers are usually best. But wills created and signed without the help of a lawyer will not be automatically invalidated. To be
What is estate planning? Estate planning is creating legal documents to ensure that your assets are distributed according to your wishes. Estate planning can take
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
What is Probate? Probate is the lawful authentication and validation of a will. Moreover, the general administration of a decedent’s estate or the estate of
Overview of the Probate process The probate process begins when the executor of an estate files a petition with the probate court. During this point,
Estate planning is deciding what will happen to your hard-earned wealth, money, and property when you cannot make your own decisions. Your property plan should
When you have a lot of money, managing your finances cannot be easy. The more money you have, the more difficult it is to spend
Understanding the probate lawyer: A probate lawyer is a state-licensed attorney who works with the executors and the beneficiaries of an estate to settle the
