
What are the elements of Estate Planning?
Estate planning is one of the most critical responsibilities that an individual has. What you do with your assets when you die is something you
Home » US Law

Estate planning is one of the most critical responsibilities that an individual has. What you do with your assets when you die is something you

What is Estate planning? A person’s estate refers to all the property or assets owned by a person. These include real estate, cash, investments, vehicles,

Introduction If your loved one dies in another state, you may wonder if you need to hire a probate lawyer to help settle their property.

A probate lawyer’s job is to ensure that any property goes to its rightful heir and avoid any dispute. However, an estate planning lawyer/attorney counsels

What is a Probate? The Latin verb “probate” means to test or scrutinize, while the English word “probate” implies “to prove.” The executor of the

Introduction Wills by lawyers are usually best. But wills created and signed without the help of a lawyer will not be automatically invalidated. I have

It’s understood below. Any lawyer may create a straightforward will for minor situations, such as naming the beneficiary of one’s 401(k). Still, experienced trust-and-estate lawyers

Why is it necessary to probate? Some people can make many wills in their lifetime. Therefore, land registry offices, banks, and other entities traded by

Is it trustable to supersede a will? What assistance can an estate planning lawyer provide you with that? As part of estate planning, many people

A person’s estate comprises all their belongings and assets, such as real estate, buildings, gold, stocks, mutual fund investments, life insurance policies, money, bank accounts,

Estate Planning is something that we often ignore because we don’t find it necessary. There is even, a survey which says that only 4 out

Estate Estate refers to the inventory of an individual’s assets and properties at his death. Various assets such as real estate properties, vehicles, even financial

All individuals want to pass on a little fortune to their children or other loved ones. So they endlessly keep saving to make life somewhat

If a person’s estate does not go through probate, then any property left behind can be transferred to the next of kin without going through

The terms attorney and litigator are synonyms for professionals who have achieved the appropriate level of education to advise on legal issues and to represent

Becoming a qualified Probate Attorney can open a lot more opportunities for you. For example, the probate Attorney helps with estate planning after the person

When a person dies, the probate attorney handles the process of estate administration. So, it’s time to understand who takes the attorney and its duties.

It’s a callous decision for many couples to decide how to split up the family’s finances. But it’s not always easy to leave money for

Estate planning is not just for Wealth. Even though we usually associate the word “estate” with the extremely wealthy. Everyone can gain from having an

Trusts are legal entities that will assume ownership of or own some assets after a specific triggering event. A trust involves information on how investments

When there is no trust, the probate procedure results in a court order specifying how assets will be distributed to the heirs. The family must

Introduction Divorce is a long and complicated process that may result in one or both spouses being left with few assets. The other spouse may

A large inheritance can be both a blessing and a burden because the money may come in handy in the future and because the recipient

Before diving deep into whether a bank can release funds without Probate, we first need to understand what Probate is. What is Probate? Probate is

The probate process Probate is the procedure where the probate court authorizes the estate representative to speak and act on behalf of the estate. This

What is a Probate Attorney? Probate is administering a decedent’s estate according to their will or under state guidelines. A probate lawyer is a state-approved

Following are the ways to manage estate planning- Create an inventory of what you own and what you owe. Make a detailed inventory of your

What is an estate planning attorney? Estate planning attorneys are those attorneys who have expertise in estate planning and have a brief understanding of both

Inheritance tax: What is it? One form of tax that certain state governments impose is inheritance tax. You don’t need to be concerned about inheritance

If you haven’t married, or you are divorced and widowed then you might think that estate planning isn’t your cup of tea but it is.