Ancillary probate is an additional probate proceeding resulting from a decedent owning assets or other estate properties in another state or states. Typically, a primary
Now you have created your revocable trust, you look forward to avoiding or minimizing probate. But now the big deal is to determine what assets
What is Joint tenancy? In a joint tenancy ownership, at least two people own a common property with both having equal rights to the property.
When doing estate planning, one is likely to think about probate. You must have heard or read that when you pass away, your estate would
Probate is a legal process undesirable to many. Because of its costs, hassles, and lengthiness, many people seek ways to avoid or minimize it. And
What are revocable living trusts? A revocable living trust, also simply called a living trust or revocable trust, is a legal relationship whereby the trustor
What is Estate tax exemption? When a person dies leaving valuable estate, the estate may be charged a tax known as estate tax. Notably, not
Just as an individual is charged personal income tax, their estate will still be charged for the income they earn during probate. Of course, a
What is generation-skipping Transfer? There is generation skipping when an individual transfers assets by gift or inheritance to a beneficiary who is at least 37.5
When someone dies in the United States, there are several types of taxes that may be charged on their estate. Taxes can take up a
