While drafting a will, an individual needs to name an executor in the will who will act on behalf of him/her after his/her death, the testator must authorize an intellectual and trustworthy person with this responsibility. The executor performs all the required tasks in the probate process. He/she makes sure that the desires and wishes of the decedent mentioned in
Everybody owns some estate, which they want to get transferred to their loved ones after their death. The estate of the deceased gets transferred to the heirs through the probate process. The executor named in the will executes the process. Probation is a simple process but gets complicated when the decedent’s estate is big. The executor must have the required
Probate is a process to execute the will of the decedent and distribute his/her assets. The executor of the will executes the probate process in a probate court. Many people have the misconception that preparing a will is only for the wealthy ones. Will is a legal document required by every family irrespective of their wealth. Estate planning plays a
To smoothen the Probate process, it is advisable to create an estate planning strategy that helps your family gain access to assets after your die. A personal representative is an attorney acting in the best interest of a decedent during probate. Furthermore, he/she is responsible for employing the use of clauses from the UTMA and UPC during the Probate process.
Whenever one of our family members dies, it is one of the most challenging time of our life. During this time, we go through a lot of emotions and hardships, which is why it becomes tough to think straight and make proper decisions. We need to plan the funeral, work out the Will, and to distribute assets in a short
At the point when an individual passes on, a family member should introduce the Will in the probate court. Probate is a court process to verify the desire of the deceased. The principle work engaged in this case is finding the assets, taking care of the obligations and burdens of the dead, and moving the rest of the assets to
Whenever someone dies, it is quite inevitable that their will gets into the probate court. A will is a legal document with proper instructions on what has to happen to a person’s estate after their demise. Usually the will, also mentions an executor who will handle and manage the estate. When a testator plans their estate, they always do so,
Have you thought what befalls your estate when you bite the dust? Will, your family members, receive everything that you own, and after how much time will they receive it? Determining the legal fate of an estate belonging to a deceased person is not an easy task. When a person dies and leaves this world, it is up to the
Probate is a legal procedure administered by a court. Where it gathers and distributes a decedent asset between beneficiaries and lenders. The process starts by determining if a will exists, then pay off debts, including funeral expenses using the funds from the estate. If there is no legal claim made against the estate, The court splits among the beneficiaries. The
When thinking about your last will, the question may arise, do I need a Probate attorney? The answer in most cases is, yes, it is a complicated topic. Most people do not like to talk about death and what will happen to their belongings post-death. But at some point, of time, you need to address these topics. Otherwise, your family
When a person dies, it is very common that their estate goes through the court. This is where the deceased estate gets transferred to the rightful heirs. An individual uses a Probate procedure to validate a will. The executor is responsible to divide the assets and transfer it to the mentioned beneficiaries. The court appoints an administrator if the decedent
Love is a powerful force, and It drives us towards weird decisions. Creating a will is such a decision. Sometimes a will is not created. This does not mean love is non-existent. Upon consultation, a probate lawyer advises you to create a will. Nonetheless, will creation is always the best option. Intestate Defined By A Probate Lawyer. Dying intestate implies