Estate planning is one of the most confounding topics of debate. Some people often form several misconceptions and do not realize what they want? For instance, one may need financial planning instead of estate planning, whereas others may want an estate plan but end up doing financial planning. Some people also think that they are…
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If you are an owner of properties and assets, you should go for estate planning. As life is uncertain, it is always advisable to plan beforehand. This is where an estate planning lawyer near me 11563 comes into the picture. Putting your assets, especially the real estate ones, into the right place, can ensure peace…
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Probate and estate planning, the words can seem synonymous, they are processes that are very different. Both give your family guidance on how to manage your property after your death, but estate planning goes even further, even while you live, to detail your expectations for your health, finances, and more. An estate planning lawyer can…
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The probate process is basically the legal procedure that initiates after someone’s demise. The process determines who will get the assets of the decedent. Most of the decedent’s assets go through this process, which is supervised by the court. The said process authenticates the deceased person’s will and also appoints an executor. In addition, the…
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Whenever a person dies, it is very hard to accept it. But it is very important to pass on his property to their inheritors. The process is overseen by the Probate court, which looks after the proper distribution of property amongst the beneficiaries. It is generally a time-consuming and costly process if you have a…
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Every state has its probate laws for the estate settlement process. The states should follow some common features of probate law provided by the country. UPC sets such a common guideline for the state, which they have to adapt accordingly to their needs. What Is Probate? A probate process is a particular type of…
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To cover the estate’s assets and properties properly, you need to learn the property rights. Learning about different rights on the property of different states will help you pay taxes correctly. It also helps in Probate proceedings after you die. Overview Of Probate Cases With Assets In Multiple States One needs to know all the…
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Ancillary probate is a secondary process, which maintains a mechanism of two probate processes going on together. The proceedings of this case are slightly different from the usuals. This process comes with some drawbacks as well. What Is Ancillary Probate? Usually, this type of case arises when a person dies, and his assets need a…
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The probate process involves proving whether a will is genuine or not. A will requires to go through the process of probate. This will always be true unless a legal statute provides otherwise. The probate court will only allow the distribution of an estate after the completion of the probate process. The general probate process…
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Probate refers to the legal process through which the estate owned by a deceased person can get transferred to his/her heirs. The process involves estimating the value of all the assets of the person and paying the final bills and taxes. After paying all the debts, the distribution of the rest of the estate takes…
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