
When is Probate Necessary in New York?
One of the most common questions that people tend to have after the passing of a loved one is, do we need to probate the
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One of the most common questions that people tend to have after the passing of a loved one is, do we need to probate the

What is trust? A trust is an estate planning tool that minimizes the estate and inheritance tax and saves your assets from probate; in a

What to do with a loved one’s possessions is probably the last thing on your mind when they pass away. But, unfortunately, we have to

Ancillary probate- The ancillary probate is an extra probate process when the deceased person (decedent) has owned property in a state outside the state where

The goal of an estate planning attorney is to develop a personalized strategy that will enable you to efficiently pass your assets, including money and

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

Probate may be complicated, especially if the deceased had a considerable estate. When probate is over, the executor or administrator must file a final account

There is no life expiration of the valid wills. But then, what happens when the probate attorney discovers the Will after the probate? Then, the

In a trust, one person (“trustee”) holds assets on behalf of another person (“beneficiary”). Generally speaking, beliefs have unique special rules established by a written

Myth No. 1: Probate Is ALWAYS Required for a Will. No, not all wills require a probate process. There are several exceptions to what must

Probate is a judicial process in which a will is “proven” in court and accepted as a valid official document. The valid document constitutes the

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

Elder estate planning ensures that senior citizens have long, healthy, and secure lives. Typically, it entails planning for future medical requirements, including long-term care. A

Does one have to pay taxes if they receive an inheritance, as per an estate planning lawyer? Beneficiaries may be subject to inheritance taxes; most

A person creates an estate plan as soon as you reach legal adulthood. Also, updating it every three to five years afterward is what many

As a U.S. citizen, you will likely have assets you would like to safeguard if something happens to you. Estate planning attorneys can help you

Will is a legal document in which a person specifies how their assets will be divided, allocated, and utilized after they pass away. Everyone living

A probate lawyer is a type of attorney who focuses on the legal aspects of estate law. He can also handle wills, trusts, and real

A question that pops up inside every adult’s mind is, “Do I need an estate plan?” A study reported that more than 76% of adults

Probate has always been considered a nerve-racking process that takes time and effort and costs a lot. That’s why many people are afraid of probate

Estate planning is essential to everyone. We all have to think about what will happen when we die. It is necessary to decide who will

There are several advantages that including a trust in your estate plan can offer you and your loved ones, whether you’re wanting to avoid probate,

A probate process helps in the rightful possession of a will. A probate court, which has the legal authority to resolve issues relating to wills

Trusts are legal entities that will assume ownership of or own some assets after a specific triggering event. However, who has the right to be

When you have a lot of money, managing your finances cannot be easy. The more money you have, the more difficult it is to spend

Being parents has always been a tough job. Taking care of your children and making sure that they are safe, has always been the primary

Probate, if required, starts as soon as a loved one passes away. If the deceased had a will, the estate must go through probate, which

There are five ways life insurance plays a crucial role in estate planning. With life insurance, you can ensure that your loved ones will have

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

Here is a few best way to leave an inheritance strategy to take into account, along with some considerations you should make as you decide