Inheritance tax: What is it? One form of tax that certain state governments impose is inheritance tax. You don’t need to be concerned about inheritance
Do you want to know whether you will have to undergo Probate now that your loved one has passed and leaves a last will and
Are you a single, and you are reaching retirement soon? Well, then this is the right time for you to do some estate planning. Estate
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
Probates are considered one of the most time-consuming and lengthy legal processes, which require tons of paperwork, court appearances, and background checks and can be
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 lawyer? There’s an old saying, ‘you can’t take it with you when you die.’ Therefore, someone has to be there to
A person is considered to have died intestate if they pass away without leaving a will; in this case, their assets, including their bank accounts,
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
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.
There are several advantages that including a trust in your estate plan can offer you and your loved ones, whether you’re wanting to avoid probate,
What is a will? A will is a legal document that details the wishes of the deceased. It is the last will of the individual.
What is trust? A trust is an estate planning tool that minimizes the estate and inheritance tax and saves your assets from probate; in a
A group of national experts drafted and reviewed a set of model laws known as the Uniform Probate Code (also known as the UPC). Wills,
When someone passes away, you fill out a will and start the probate process if you execute the probate process. However, what happens if there
There is a widespread misunderstanding regarding wills, estate handling, and the probate procedure. Many individuals believe that a will must always go through the probate
The process of probate in NYC is quite different from other states. The primary reason behind the indifference is that the laws of every state
There is no life expiration of the valid wills. But then, what happens when the probate attorney discovers the Will after the probate? Then, the
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
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
By definition, real estate is everything you own, including all property, vehicles, jewelry, shares, and money. Simple in theory, but what happens after you die?
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
There are procedures for removing or changing a trustee if you are the creator, a co-trustee, or a beneficiary of a family trust and believe
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
Estate planning can be tricky, but we believe that with the guidance of an experienced estate planning lawyer it can be simplified. We provide free
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
In today’s world, every person owns some assets, including real estate, bank accounts, or any other properties. When the person dies, the distribution of the
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
Nobody in this world can avoid death. When the person dies, the distribution of the deceased person’s assets takes place through the probate court. Therefore,
Estate planning is frequently postponed until it is too late. They might believe it’s only for affluent people, think it’s complicated, or find it challenging
