Estate planning is a critical process that ensures your wealth and assets are passed on to your loved ones as per your wishes after your demise. While there are multiple ways to plan your estate, two common methods include relying…
Estate planning is a crucial endeavor that allows individuals to safeguard their assets, protect their loved ones, and ensure their wishes are honored when they are no longer around. In this pursuit, two prominent legal instruments often come into play:…
When a loved one passes away, their estate may need to go through a legal process known as probate. Probate follows statutory rules for settling the deceased person's financial affairs and distributing their assets to their beneficiaries. One of the…
Recognizing the importance of having a will in place, many people will head to Google to find a free resource for creating an online will. After answering a few questions, they may print off and sign a document, and feel…
When someone chooses you to be the executor of their estate, they feel that you can handle their assets and affairs after their death in a trustworthy matter. Even though the decedent nominated you to be their executor, you will…
An emotional loss like that of a close relative is one of life's most stressful experiences. In addition to the emotional aspect, there is the stress of handling the deceased person's estate and affairs. This part can be especially overwhelming. The…
Probate is the legal process that recognizes a will and appoints an executor to administer an estate and distribute it to the intended beneficiaries, according to the American Bar Association (ABA). Navigating the probate process will vary according to state law.…
An executor is designated in a will to make a public record, usually published in a local newspaper, on the date of death of the testator. Among other things, this information serves as notice to creditors if the deceased owed…