A couple years before her death, my grandmom appointed me as trustee of her living trust and executor of her estate. As I go through the probate process, we'll learn together (if you choose to join me on the trip) about how to probate an estate and also the differences between that ...
How To Probate An EstateJulia P. Nissley
According to Jennifer MacDonnell of The Paralegal Society, many states will appoint an appraiser to value non-cash assets, including real estate and specialty items such as jewelry, vehicles, art and antiques. However, even if you are not responsible for valuing these items on your own, you c...
The Complete Guide to Settling an Estate in Texas Probate can be a complicated process during a difficult time in many people's lives. How to Probate and Settle an Estate in Texas can help you understand, prepare for and work through the process of handling an estate in Texas. Written in...
So it’s a good idea to be aware of when probate is and isn’t required. Most states have their own rules for triggering probate, but it’s usually tied to the total value of the estate. For example, in Illinois, an estate must go through probate if the total value of the assets ...
The executor might take furniture not directly bequeathed to an heir into his own custody during the probate process. He’s responsible for it, so he may move it into storage or place it with an appraiser or an estate sale company to ensure no harm comes to it. If the estate ends up ...
How Does a Will Fit into Probate? A will is a foundational legal document that specifies how you want your estate to be handled when you pass. It will: Set a legal representative (called an executor or personal representative) who will be responsible for following the terms of your will. ...
Wholesaling real estate is one of the simplest and most accessible strategies for getting started in real estate investing. At its core, wholesaling is about finding distressed or discounted properties, putting them under contract, and then assigning that contract to a buyer for a profit. Unlike ...
When a person dies without a will, he is said to have died intestate. Anintestate estateis also one where the will presented to the court has been deemed to be invalid. The probate process for an intestate estate includes distributing the decedent’s assets according to state laws. If a ...
Wills need to be accessible after the probate process is finished because someone (such as a creditor) missed during probate may have a claim on the estate. For this reason, probated wills become public records, which means anyone can show up at the courthouse and view them in their entiret...