A beneficiary, in a legal term, means the person who is the lawful inheritor or recipient of the deceased’s estate. The decedent mentions the beneficiary’s
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 lawyer A probate lawyer is a state-approved statutory agent who advises an executor or one or more beneficiaries of a deceased property. Their responsibilities
An executor who does not report theft from an estate before inventory commits theft by stealing property from it before inventory is conducted. According to
What is a Probate lawyer? There’s an old saying, ‘you can’t take it with you when you die.’ Therefore, someone has to be there to
Instead of the trust itself paying the tax, beneficiaries of trusts often do so on the distributions they get from the trust’s revenue. Nevertheless, as
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
What kinds of Durable Power of Attorney Exist per estate planning lawyer? People appoint a durable power of attorney for various reasons, but they typically
Although the time to receive inheritance may not be pleasant, obtaining it can be a great blessing. When one of your close ones passes away
Power of attorney: what is it? Let’s first talk about what a power of attorney is, and then we’ll talk about whether it still holds
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,
There are many steps involved in estate planning, such as deciding the best way to dispose of your assets, such as giving them to your
The much-loved Prince, a significant figure in the music industry, just passed away. The passing of this music legend highlights the need for estate preparation.
An executor is an individual who administers an estate. They are responsible for settling the estate, paying debts, and dividing it among beneficiaries. In addition,
Will is a legal document that intends to declare how one wants their personal belongings, properties, and assets to be distributed and to whom after
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
Introduction There are generally two types of probate. The first is the probate of a will. The second is a proceeding to administer the estate
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,
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
Everybody goes through a critical, highly delicate stage of life called old age, which calls for equally tender care. But, as you age, there are
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
Definitely yes, the first advice that I would give any executor of probate will be to hire an experienced Probate Lawyer, Queens County. It is
What is a Probate Attorney? A probate lawyer is a qualified attorney who helps clients decide how to protect their assets after they pass away.
As the name suggests estate planning is basically a plan to deal with your estate. Estate planning is an essential tool to manage your assets
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
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
What is the online Probate application system? Probate refers to a will’s certified copy with a court’s seal of authority. When approved, the online probate
Introduction The Discovery of new assets during or after the entire probate process can have a great impact on the estate’s tax liability. It also
When you live in NYC, and if you die without leaving a will, things can actually get complicated for your family members. Before you die
When people talk about “Estate Planning” they often think that it is only for the wealthy. We think that most people are living with the
