Probate fees vary from one state to another and also from one attorney to another. Also, the fees depend a lot on the value of the assets left behind by a decedent. If the value is small, one must consider keeping the probate fees low so that they do not overspend, remaining with anything in…
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Probate means the act of proving a will. This term has lost a lot of that traditional meaning, and now generally refers to the court and the process that is used to administer the estate of a decedent. Who Needs Probate? Not everyone would need to go through a probate process when there is a…
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Probate can be good and bad at the same time. It is mostly bad on your family when a misunderstanding comes up, as it involves third-party individuals to oversee the sharing of a person’s property. The court appoints the third-party, and one can never be sure if they are good or not. The best way…
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Not everyone can afford to have attorneys and legal advisors when going through a probate process, so some will opt to go online and find their way around it. When done well and with proper research, the internet has a lot of information to help manage the probate process. There are several ways one can…
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When someone dies and has not taken care of some matters regarding their bank accounts, the first move is to freeze the accounts. This means that any money saved on the accounts cannot be accessed by the family; however much they would wish to. The account would then need to go through probate to release…
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The probate process can sometimes take a long time, or a short time, depending on the circumstances at hand and the state in which the assets are. Several factors can affect the process, starting from lack of a will, debt, taxes, and many other elements that the court must ensure are taken care of before…
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A revocable trust is also known as a revocable living trust. It is a document written with the help of a lawyer who determines how an individual’s assets get managed after they die. Assets may be anything from bank accounts to real estate and any other investments. The trust is an agreement that is very…
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One way to avoid probate of one’s estate is through transfer on death bank accounts. These are accounts that will help one safeguard their assets and avoid the probate process, which is also beneficial to those they leave the inheritance to. A transfer on death account is an account one can have in a bank,…
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Most people get a chance to appoint their estate administrators, especially when they have left behind a valid will. This is always an easy process unless the designated person objects to being an administrator. In such a case, a probate judge appoints a close family member or next of kin to be the administrator. This…
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Having your homestead go through probate can be a tedious and harrowing process to your family that you leave behind. Some processes are lenient and quick, but mos`1`t times, it can take even years. There are some ways one can avoid having the home they live in through probate, something they would have to take…
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