As mentioned above, a tenancy by the entirety creates a right of survivorship. In other words, when one spouse dies, that person's share in the property is automatically transferred to the surviving spouse. This eliminates the need forprobate.2 ...
A surety bond (pronounced “shoo-ruh-tee”) is a legally binding agreement involving three parties—the Principal, the Obligee, and the Surety. In this agreement, the Surety provides a financial guarantee to the Obligee if the Principal defaults on their obligations, such as not being able ...
For example, if John lived and died in California, but owned property in Oregon, ancillary administration would be necessary to transfer the property located in Oregon through probate court. Ancillary administration is not required for all out-of-state assets, but only those that cannot pass to ...
Otherwise, there is an option to write a provision in your will that you don’t want your animal to live without you. The probate court may find the provision to be invalid though, as long as the animal isn’t old and ill and it’s possible to find a new home for them. Technically...
Is there an estate tax at the state level? Twelvestateshave an estate tax: Washington, Oregon, Hawaii, Minnesota, Illinois, Vermont, Maine, Connecticut, Massachusetts, Rhode Island, New York, and Maryland. The District of Columbia also imposes an estate tax.17 ...
You may also want to set up a payable-on-death agreement on your bank accounts, Cheng suggested. Those agreements allow for the funds in those accounts to transfer to beneficiaries and bypass probate, whereby the validity of a will is established. ...
GOPGrant of Probate(estates) GOPGuns of the Patriots(gaming) GOPGroup of Personalities(EU) GOPGrumpy Old People(Republican Party slang) GOPGlobalization of Production GOPGreedy Old Party(political slang) GOPGod's Own Party(slang for US Republican party) ...
The alternative is a guardianship, which is a process by which a probate judge appoints someone to oversee your affairs if you become incapacitated. In a guardianship, a family member or friend typically petitions the probate court to grant him or her guardianship and/or conservatorship over the...
PJPProbate Judge of the Peace PJPParlement Jeunesse Pancanadien(French: Pan-Canadian Youth Parliament) PJPPeople for Justice in Palestine(Iowa City, IA) PJPPrice Jones Partnership(UK) PJPPrison and Jail Project PJPPerusahaan Jasa Penilai(Indonesian) ...