FIND, LIST and SELL property in probate In my opinion, Rick is the go-to expert and the real deal. If he can’t solve a probate problem, it probably can’t be solved. Mike Cantu Alta Loma, CA The bottom line is – he put money in my pocket I wouldn’t otherwise have seen! I...
Probate is the legal process for distributing the assets and property of someone who died. If the deceased (called the “decedent” in legal settings) left a will, the probate court will validate the document and appoint an executor to distribute the decedent’s property to beneficiaries and pa...
Learn about the probate process – applying for a grant of probate, administering an estate, paying inheritance tax, and what to do if there isn't a will.
“Probate court can cost thousands of dollars and may take more than a year to complete, so putting your home in a trust is a great way to avoid all of that.” Asset protection: Assets within an irrevocable trust are protected from lawsuits and creditors. “The property in the trust is...
The same goes for property with a transfer-on-death deed and trust assets. (These assets are all examples of what you should never put in your will.) Learn about what types of assets are subject to probate Other circumstances when probate may be necessary: The will is handwritten or the ...
They also help protect your assets from having to go through the probate process after your death, which can be time-consuming and stressful for your loved ones. How trust funds work When you set up a trust and put your assets into it, you are the grantor. As the grantor, you’re ...
Johnson, Sarah MooreOdom, Raymond C.Real Property, Trust & Estate Law Journal
For more advanced planning, consider speaking with afinancial advisor, who can help tailor your plan to your specific needs. 2. Diversify your investments We’ve heard it before: Don’t put all your eggs in one basket. But for the wealthy,diversificationis much more than a cliché. They un...
including surviving spouses, children, and parents. Theprobate courtwill assess what assets need to be distributed among the legal heirs and how to distribute them. The probate laws in most states divide property among the surviving spouse and children of the deceased. ...
Any person or organization can benamed a beneficiaryto receive your property after you pass away. The individual who owns the property or the benefactor can put various stipulations on thedisbursementof property. These might include the requirement that a beneficiary is a certain age or is married...