This article gives readers a brief overview of several core concepts in estate planning. This guide is an excellent starting point for people new to estate planning and can be used in conjunction with an estate planning attorney. Knowing these basic concepts will benefit you and ensure the estate you’ve committed your life to earn…
If you are reading this article, it is safe to assume that you are trying to avoid probate, or the official validation of a will. For individuals attempting to avoid the frustrating process of probate, a revocable living trust can be a viable option. Revocable living trusts are particularly useful in a handful of states…
The term, “probate” is scary for many people. They immediately think of courts taking away property or other horror stories that have been misinterpreted over time. The simple definition of probate is the legal process courts use to confirm a Last Will is valid, settle the estate’s debts, and then distribute the assets. A Long…
The term probate gets thrown around quite often. It goes hand in hand with estate planning, but do you know what it means? This article will discuss the basics of probate and acts as a stellar introduction to the important concept. Defining Probate By definition, probate is the legal process of proving a will and…
In this article, we will discuss the positives and negatives of the probate process. Many people automatically dismiss the probate process because they only possess knowledge of the negatives it entails, but being aware of the potential benefits can help with your understanding and outlook on probate. When people hear the word probate, negative…
Scenario Tony was allocated his parents’ assets when he was in a foreign country and was elated because he realized his parents loved him so much. A few months after the will was read out, he traveled back to New York only to get the shock of his life – the executor, Martin, had sold…
Losing somebody close to you is a hard time for many people. It becomes more difficult when you have to navigate the probate process while grieving. Many people that go through the probate period have admitted that they develop stress conditions; some even become depressed. Due to this, many people resort to working with a…
If you are new to the probate process in New York, you have many questions you need answers to. Today, we look at the sample questions regarding legal issues that clients ask time and again and give you solutions to help you handle probate cases that come up in the future. If you need answers…
An administrator of an estate is tasked with a lot of responsibility when it comes to distributing the estate of an individual. When an administrator knows that the estate has gone to probate, the first step is to notify the beneficiaries of the development. He sends out a notice telling the parties involved that the…
As estate planning lawyers, we come across so many questions from clients. One of the most common questions we get is, “where can I find a copy of the will or all the records concerned with the case?” The good thing is that probate is a public process, which means that the records are available…