What is probate and how does it affect me? When you create an estate document such as a will you will nominate a personal representative to carry out your wishes. He or she will be responsible for seeing your estate through probate. Depending on the size of the estate and cooperation of the beneficiaries; probate […]
Chances are, you’ve been through a lot by the time you are in the probate process of an estate. You might’ve lost a loved one from a long-drawn out battle with illness, or perhaps you’ve been surprised by the passing of someone dear to you. Once the funeral is over, and the family has all […]
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 […]