Inheritance Tax: General enquiries
At the death of a person – the testator – his assets are distributed among his heirs and those he wishes to benefit from his estate. He controls the way which his assets are shared via his will. He prepares his will while he is still alive noting down every detail regarding his assets such […]
The Top Three Ways to Avoid Probate
Meaning of Probate Probate is the term for a legal process in which a will is reviewed to determine whether it is valid and authentic. Probate also refers to the general administering of a deceased person’s will or the estate of a deceased person without a will. Probate is a legal process that administers the […]
When is Probate Unnecessary?
Probate is a legal process which the court of law uses to ascertain the validity of the last will and testament of a deceased person. The probate process is the only legal means by which assets and titles are passed down from the deceased person to their heirs and beneficiaries. Without the probate process, all […]
Easy ways to avoid costly probate
What Is Probate? Probate is a process of “adjudicating” a will. It involves lawyers and judges and courts determining what the will really means and carrying out its instructions. It can be expensive. Ways of avoiding costly Probate 1.Transfer Property to a Trust Revocable living trusts or inter-vivos trusts were invented to help people bypass […]
Carreer Description for a Probate Lawyer
Who is a Probate Lawyer A probate lawyer is a state-licensed attorney who advises personal representatives, also called executors, and the beneficiaries of an estate on how to settle the final affairs of a deceased person. A probate lawyer, also known as an estate lawyer or an estate attorney, is often responsible for walking a […]
Probate Records for Documents and Wills
Meaning of Probate Probate is the term for a legal process in which a will is reviewed to determine whether it is valid and authentic. Probate also refers to the general administering of a deceased person’s will or the estate of a deceased person without a will. Probate is a legal process that administers the […]
Estate Planning Checklist
An estate plan can be designed to take care of your family if something happens to you. With a carefully drafted set of estate plan documents, you can ensure that your wishes are fulfilled after your passing or incapacitation. Let’s look closer at a helpful estate planning checklist that can walk you through the process. […]
Getting started: Estate Planning for young families
In the euphoria and exhaustion of catering to young children, estate planning may probably not be at the apogee of your priority list. However, all families, particularly those with young children, should have a basic estate plan in place. If something bad were to happen, your family would be grateful that you made the decisions […]
Estate Planning. 6 big mistakes that can cost you
What is Estate Planning? Estate planning is the process of anticipating and arranging, during a person’s life, for the management and disposal of that person’s estate during the person’s life, in the event the person becomes incapacitated and after death. The most basic step in estate planning involves writing a Will. Other major estate planning […]
Everything Baby Boomers Need to know about Estate Planning
What is a Baby Boomer Baby boomer is a term used to describe a person who was born between 1946 and 1964. The baby boomer generation makes up a substantial portion of the world’s population, especially in developed nations. It represents 21.19% of the population of the United States of America, as of 2019 figures. […]