The executor or personal representative files a final accounting with the probate court. This report details all assets, debts paid and distributions to beneficiaries. If the court finds the report in good standing, it releases the executor or personal representative from their duties, and the ...
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How to Reach the Massive Market of Probate, Trust & Aging Real Estate Sellers.We teach real estate brokers and agents how to FIND, LIST and SELL property in probate.
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There are several ways you can avoid involving a probate court, including naming a custodian who will oversee the funds until your child reaches adulthood or creating a living trust, naming your child as a beneficiary of the trust funds. ...
There’s a legal process that needs to be followed before the estate can pass to the people entitled to it. If the deceased policyholder had made a will, the executor will apply for a Grant of Probate. This is a legal document which confirms that the executor has the authority to deal...
“Parent passed away. Older sibling is Executor, but not beneficiary of life insurance. I’m the sole beneficiary. Can I file the claim myself? If so, do I have to wait for probate? What happens if the Executor tries filing the claim? Would the life insurance company pay out to the ...
Can an estate avoid probate? But what about avoiding probate? Is it possible? In the interest of having as fast and inexpensive probate process as possible, it may be desirable to skip it altogether. The good news for those wondering how to avoid probate is that there are several ways, su...
A will and last testament can form thefoundation of an estate planand is the key instrument used to ensure that the estate is settled in the manner desired by the deceased. While there can be more to an estate plan than just a will, the will is the presiding document that aprobatecourt...
Family trusts are meant to last for the lifetime of the grantor and are typically distributed to beneficiaries and closed within a year after the grantor's death. But, depending on the type of trust you choose, they can continue for many years after the grantor dies. ...