
How does probate work in the USA?
The American Judicial System handles estate matters with the help of probate law. The probate court deals with all the legal issues concerning the assets
Home » Blog About Estate Planning
The American Judicial System handles estate matters with the help of probate law. The probate court deals with all the legal issues concerning the assets
A Health care proxy or healthcare surrogate makes medical decisions on your behalf. A healthcare proxy will make sure the doctors follow your wishes. It
A person’s estate consists of all of their possessions and assets. It includes real estate, buildings, gold, stock, mutual fund holdings, life insurance policies, cash,
Medical Power of Attorney A healthcare proxy or medical power of attorney appoints a person to make medical decisions on your behalf if you become
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
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
Trusts are legal entities that will assume ownership of or own some assets after a specific triggering event. However, who has the right to be
The legal procedure that follows a decedent’s death is referred to as probate. It establishes the distribution of the decedent’s estate. However, the probate inventory
An Estate of a person includes everything he owns. From one’s home to vehicles, bank accounts, insurance, financial investments, properties, and other personal belongings. So,
An inheritance tax (IHT) is imposed on property that has been gifted or inherited. Even though IHT is charged upon death, it may also be
When there is no trust, the probate procedure results in a court order specifying how assets will be distributed to the heirs. The family must
Everybody goes through a critical, highly delicate stage of life called old age, which calls for equally tender care. But, as you age, there are
Estate planning The concept of estate planning refers to ensuring that the people and organizations you wish to leave your estate to do so in
When a person dies, the probate attorney handles the process of estate administration. So, it’s time to understand who takes the attorney and its duties.
Want to appoint someone as the executor of the estate you possess? This means you have complete trust in that individual. You make that individual
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
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
Most people after hearing the term estate planning think that it is just for the wealthy. People with a huge amount of money are the
Probate begins soon after you lose your loved one. However, probate is a legal proceeding that validates a will to settle an estate. So, let
People are often confused between probate and non-probate assets, a Probate Lawyer near me explains that a non-probate asset is an asset that will not
Will is a legal document in which a person specifies how their assets will be divided, allocated, and utilized after they pass away. Everyone living