Probate is a legal term which involves the distribution of one’s assets according to the decedent’s Will or to the court, if without a Will. This includes the gathering the assets, paying off the taxes and debts, if any, determining the validity of the Will, and distributing the estate according to the wishes of the […]
Probate process is a necessary step before one’s estate is passed on to the beneficiaries. States have different laws regarding this process. One is bound by the law of the State the property is governed by. The person assigned by the decedent, or whoever is close to the latter according to the court, will be […]
Resource: An executor of wills has a litany of duties and responsibilities. The successful execution of an estate depends greatly on the competency and efficiency of the assigned executor. When you are considering naming the person you would like to be responsible for your estate after you are deceased, carefully weigh the responsibilities of the […]
Many people don’t like dealing with the legal system on principal, sometimes with good reason. The law can be complex and difficult to understand and any court process has the potential to be lengthy and expensive. If you do not plan otherwise, when you pass away your estate will have to go through a court […]