While an ex-spouse might be alive when you die, many states have laws that automatically void their inclusion as your beneficiary when you divorce. If this is the case in your state, your death benefit might go to probate even if your ex-spouse is still alive. ...
This option really should be a last resort because assets (property, 401(k), investments) must go through the probate process before they are accessible. For that reason, there will be a substantial amount of time between the date of death and when you’ll have the cash in hand to pay ...
This option really should be a last resort because assets (property, 401(k), investments) must go through the probate process before they are accessible. For that reason, there will be a substantial amount of time between the date of death and when you’ll have the cash in hand to pay ...
This in turn decreases the grantor’s tax liability, particularly if they have a large estate. Irrevocable trusts can also avoid probate and are private, meaning the public is not privy to their terms or to the assets held within them. Types of irrevocable trusts Irrevocable trusts come in ...
A state statute orprobatecourt determines the amount of the allowance, which is set aside to protect the surviving partner and family of a deceased person from financial hardship during the administration of the deceased's estate. The relevant jurisdiction may have an established limit dictating the...
Even if you have atrust—a tool that helps manage assets and minimize taxes—you still need a will. A will ensures any assets not yet transferred into the trust are included, preventing probate complications. Important If a will leaves less to a spouse than state law requires, that part of...
Living out of state it was great to have someone who cares working with us. They handled all of the paperwork required to probate my aunt's estate. I would highly recommend them. Lawrence After finally making the heartbreaking decision to file for divorce a friend recommended that I contact...
If the caveator is not a state agency or a resident of the Florida county where the caveat is filed, the caveator shall must file a designation of designate an agent for service of notice. Amendments to the probate rules to conform with recently passed legislation Where none of these except...