the funds within the retirement or pension account may become part of their overall estate. This can lead to the involvement of probate court proceedings, where the court will determine the distribution of the assets based on the individual’s will, if one exists, or the applicable intestacy la...
When someone in your family dies, there is a good chance that he or she had real estate (either in the form of a personal residence or in investment properties) that will be subject to either probate, inheritance taxes, or both. In cases where the real estate value is high or completely...
The article presents an answer to a question on estate executors and wills.Ballentine, WarrenJet
"Estate Planning Strategies" What happens to your house when the first spouse dies? (Podcast Episode 2024) - Movies, TV, Celebs, and more...
And when you hear your three- year-old son arguing over who gets to be the mom while playing “house” alone in the other room, you might question if you’ve done something wrong as a parent. But don’t worry, it’s perfectly normal for your child to have an imaginary friend, and...
Investing in stocks is a popular way to grow wealth and secure a solid financial future. However, life is unpredictable, and eventually, everyone will face the inevitable reality of death. This raises an important question: what happens to stocks when someone dies?
When you alert creditors to the death, you can avoid dealing with debt collectors in the future. Here are some common terms that may help you understand what happens to credit card debt when someone dies. Probate: Probate is the common legal term for the handling of a decedent’s affairs....
We receive a lot of questions about crying--or rather--not crying after a loss. People want to know, why don't I cry when someone dies? Though there are many variations on this question, they usually fall under one of two categories.Category...
2) in estates, when a beneficiary of the person who died gets more of the estate than he/she was meant to because another beneficiary or heir dies or rejects the gift. How old is Jupiter? Jupiter was formed at the same time as the rest of the Solar System, from a large spinning dis...
needs to be filed with the probate court. An executor (a person named in the will) oversees handing out the decedent’s assets to beneficiaries according to the terms of the will. If there isn’t a will, the court will name an administrator to handle the estate and decide who gets ...