What Should the Executor of a Will do First?
At some point in your life, there’s a good chance you’ll be tasked with acting as the executor of an estate. The designation is both an honor and an obligation.
Can a Will Help Me Avoid Probate?
A will allows you to distribute your worldly goods, select a guardian for minor children and name an executor to carry out your wishes.
What Should I Know About Probate Costs?
Probate is the process of proving a will and settling an estate after an individual (decedent) dies.
What Do I Need to Know If I’m Getting an Inheritance?
Heirs receiving an inheritance can expect the process to take time. Having a plan for the money and consulting with professionals are also things to keep in mind.
What Is Included in an Estate Inventory?
One of the essential steps in the probate process is filing an inventory of all the assets that are part of the estate.
Are My Children Entitled to An Inheritance?
Adult children may anticipate, but are not legally entitled, to an inheritance.
Does Estate Administration Need to Be Supervised?
What is an unsupervised administration and why is it better than other types?
Non-Probate Assets are Not Part of the Estate
In presentations regarding essential actions individuals should take regarding inheritance, emphasis is usually placed on drafting a will. This leaves unanswered what happens to assets that do not pass by will —so called non-probate assets.
Do I Need an Attorney for Probate?
A competent elder law or estate attorney can discuss and use, where appropriate, such provisions as the family exemption, benefits to prepaying inheritance tax, even where the tax return is not yet complete and a listing of itemized deductions.
What to Know About Probate?
There is a general understanding that every adult should have a last will and testament. However, for most people, exactly how that will is used remains a mystery.