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 ...
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...
How To Probate An EstateJulia P. Nissley
Avoiding probate avoids invasion of privacy. Probate proceedings are public record. Once the estate is open, anyone can go to the court and get a copy of your will and see what your assets are and to whom they will be distributed. If you are like most people, you would prefer to avoid...
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...
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...
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 ...
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. ...
The overall cost of probate can range from 3% to 8% of the entire estate value.[1]Probate costs vary by state, and can include: You can read about each fee in our guide tohow much probate costs. Learn more abouthow long probate takes....
property. A sample residuary clause would read, “As for the rest, residue and remainder of my estate, I want it to go to my sister, Sandra Hernandez.” After the testator dies, the executor or administrator of the will must file the original will in probate court for it to take ...