Probate is a term that many people have heard from time to time, but most individuals really do not know what it is all about. In this post, we will explain the basics you need to know to understand the process of estate planning. Court Proceeding You have definitely heard of criminal court, traffic court, family court, etc. Probate is another type of court that presides over matters that are of interest to estate planning and elder law attorneys. If you use a last will to state your final … [Read more...] about What Is Probate?
The last will is the most commonly utilized vehicle of asset transfer in the field of estate planning. That being stated, many people have misconceptions about the administration process when a will is used. They envision a solemn meeting taking place after the funeral that centers around the “reading of the will” and the imminent distribution of assets. In reality, things are handled much differently. Your estate would be probated if you use a last will as the centerpiece of your estate … [Read more...] about A Probate Attorney Can Provide Assistance
Providing for your loved ones after you pass away is a serious endeavor. This involves a final loving gift of all the assets and personal possessions you have accumulated throughout your life. Considering the importance of this gift, you do not want to take chances with the creation of your last will. For this reason, be sure to discuss your options with our Charlotte probate lawyer. Beware of Do-It-Yourself Estate Planning You will see certain companies on the Internet hawking do-it-yourself … [Read more...] about Useful Probate Tips for Charlotte, NC Residents
While being named as an executor of an estate is a real honor, there’s more to the role than most people think. Let our Ashland probate attorney provide some important advice for estate executors in Ashland, KY. When a loved one asks you to serve as an executor of an estate, chances are that your first thought isn’t about all the work that job requires. If you’re like most people, there’s an initial rush of satisfaction and a feeling that you’ve just been given a tremendous honor. Serving as an … [Read more...] about Important Advice for Estate Executors in Ashland, KY
A common concern for many clients is probate and whether it is required when a loved one leaves behind a last will and testament. Typically, clients want to find ways to create an estate plan that will help them with avoiding probate. Considering the time and expense of probate, which is a court-supervised process, it is understandable that many clients have that goal. Generally speaking, most estates need to go through probate, regardless of the nature or amount of assets. However, there are … [Read more...] about Do You Need to go Through Probate if There is a Will?
A very common question clients ask their estate planning attorneys is whether every estate needs to be probated. True, the main goal for many clients and their estate plans is to avoid probate at all costs. Considering the time and expense of probate, a court-supervised proceeding, it is understandable that many clients have that goal. Generally speaking, most estates need to go through probate, regardless of the nature or amount of assets. However, there are steps you can take to get around … [Read more...] about Do all Estates Need to be Probated?
When you are planning your estate you would do well to engage the services of a local northern Kentucky probate lawyer. Though you have alternatives, such as a revocable living trust, if you use a last will as your primary vehicle to transfer assets, your estate must pass through the legal process of probate. So when your will is being constructed, it should be done with the expectations of the local probate court in mind. This is something to consider when you see websites claiming that it … [Read more...] about Why You Need A Probate Lawyer
For many clients, the basic purpose of estate planning is avoiding probate. The main reason for avoiding probate is to avoid the time and expense of the court-supervised process. Each estate must go through probate, regardless of the size or nature of the assets, unless steps are taken to avoid probate. If avoiding probate is one of your goals, there are many different factors to first consider as you create your estate plan. Let the attorneys at the Potter Law Firm help with the process by … [Read more...] about A Guide to Avoiding Probate
Our Ashland probate lawyers understand that the probate process can be very confusing, especially if you have no court experience. But, before you begin to create your estate plan, it would be very helpful to have at least a basic knowledge of how the probate process works. That way you will better understand the effect your various estate planning tools will have on how your estate is distributed after your death. You still have certain legal protections Legal protections do not simply … [Read more...] about Understanding the Basics of the Probate Process
The probate process is time-consuming, it can be costly, and it is public. Anyone, who is interested, can find out how you planned your estate. If avoiding probate is a goal, you could utilize a revocable living trust. When this type of trust has been established, the trustee can distribute assets to the beneficiaries without having to go through a probate. You could also plan for possible incapacity when you have a revocable living trust. A disability trustee could be empowered to administer … [Read more...] about Using Living Trusts for Avoiding Probate