You may think the contents of a last will are just between you and your family. In reality, probate courts will be involved when you use a last will to distribute your assets after you die. To avoid issues with the validity of your will, our Ashland probate lawyer recommends self proving wills. How wills and probate work When you create a will, you should nominate an executor in the document. The executor administers the estate after you pass away, and this individual handles the business of … [Read more...] about Self Proving Wills and Other Suggestions From Our Ashland Probate Lawyer
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 share what every executor should know. 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 executor is an honor and a … [Read more...] about Ashland Probate Attorney Gives Advice to Executors
You may assume that you should use a last will to state your final wishes for your asset. It can seem like the simplest estate planning document so it is natural to think that assets would be distributed right after your death if you use a will. While this may seem logical, things actually take place slowly when you use a will as a vehicle of asset transfer. The executor or personal representative would be required to admit the will to probate after you pass away, and the inheritors would not … [Read more...] about Will My Estate Definitely Pass Through Probate?
You should understand some basic facts about the probate process when you are planning your estate. Many people go forward without enough information, and as a result, they make errors that yield unintended consequences. If you have property in your direct and sole personal possession at the time of your death, it may become probate property. It would not be distributed to your heirs until the probate process is completed. This is a rather unappealing prospect because probate can be … [Read more...] about Probate-Free Asset Transfers: A Primer
There are some intricacies that you may not take into consideration when you are planning your estate, and you may make decisions without understanding all the facts. With this in mind, we will look at Kentucky probate laws in this post, and we will examine some transfers that would not be subject to the probate process. Kentucky Probate Laws The heirs to your estate are not the only ones who may have an interest in it. People sometimes pass away with debt, and other interested parties may have … [Read more...] about A Look at Kentucky Probate Laws
The legal process of probate is something that you should explore when you are trying to understand how you should plan your estate. This process is a factor if you are in direct personal possession of property at the time of your passing, and this would be true even if you have a last will. Legal Protections Legal protections do not vanish when someone passes away. For example, let's say that you lent a person $100,000, and you had a contract with this individual that required him to pay you … [Read more...] about What Do You Know About the Probate Process?
You should understand a bit about the process of probate in North Carolina if you are using a last will to arrange for the transfer of your monetary assets. These assets are not transferred to the heirs immediately. The process of probate must run its course before your loved ones will receive their inheritances. Probate Process in Charlotte The executor or personal representative conducts business on behalf of the estate. The probate court supervises the administration of the estate. During … [Read more...] about Do I Need a Probate Lawyer in Charlotte?
There are misconceptions harbored by some people when it comes to last wills. Everyone has heard of the last will, and it can seem as though things will proceed very simply after you pass away if you use a will. In reality the process of probate looms large if you are going to use a will to express your final wishes with regard to the transfer of your personally held property after your passing. Probate is a legal process. If you maintain personal possession of property and arrange for its … [Read more...] about Is Probate Always Required?
Probate is a legal process that comes into play when you maintain sole personal possession of property that will be transferred to your heirs someday. Because other interested parties may have claims against the estate, the heirs don't receive their inheritances until the estate has been probated. Probate in Charlotte North Carolina can be time-consuming. As a result, people often take steps to avoid it. The utilization of joint tenancy with right of survivorship in Charlotte NC would be a way … [Read more...] about What Is Joint Tenancy With Right of Survivorship in Charlotte NC?
Any discussion of estate planning should involve an examination of probate to one extent or another. Just about everyone has heard of a last will. It is the vehicle of asset transfer that is most commonly utilized among people in North Carolina who want to arrange for the future distribution of their financial assets. If you do use a last will, you should understand the fact that the estate must be probated before the heirs receive their inheritances. Probate in Charlotte North Carolina During … [Read more...] about What Are the Drawbacks of Probate in Charlotte North Carolina?