What Is Probate and When Is It Required?
The act or process of proving a will. Probate is required in order to enforce the last will and testament of the deceased. There are two types of probate regarding estates: Administrative Probateis the process by which the individual seeking clarification or enforcement of the will, is appointed...
So although probate without a will is possible, it’s not ideal. Estate planning can help make the process as painless as possible. When is probate required? Probate is a useful process, but it can take a long time and cost a lot of money in legal fees. So it’s a good idea to ...
What is a form of renunciation? A Deed of Renunciation isa legal document that you sign when you don't want to or are unable to act as the Administrator of an Estate. If you've been named as an Executor in a Will and you don't think you can do what's required, you may need a...
"Probate Mastermind Podcast" What is a Probate Bond and When Is It Required? Episode 339 (Podcast Episode 2021) - Movies, TV, Celebs, and more...
You also asked tons of questions about when to leave people money, what traits make a good executor, how do you help loved ones with disabilities, what if you don’t want a relatives money, and how to minimize probate costs…plus much, much more....
Probate court is the legal process of distributing someone's estate after they've passed away. This guide will walk you through how it works and what you should expect.
It can be a good idea to date the will when you sign it, even when it’s not explicitly required by state law, so the court and your future beneficiaries know when it was executed. Including a date in your will can be helpful in providing more context if there is another version of...
Probate is the process completed when adecedentleaves assets to distribute, such as bank accounts, real estate, and financial investments. Probate is the general administration of a deceased person'swillor the estate of a deceased person without a will. Anexecutoris commonly named in the will or...
With or without a will, going to probate court is likely required to settle a decedent's affairs. However, there are ways to simplify the probate process prior to death, including creating a living trust, naming beneficiaries clearly on all investment, bank, and retirement accounts, and establi...