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Estate Planning

Is Estate Planning Only For the Wealthy?

Most people after hearing the term estate planning think that it is just for the wealthy. People with a huge amount of money are the

Estate Planning

Will estate planning help to designate a beneficiary?

Although the beneficiary designation is a crucial step in estate planning, it is handled separately from your actual estate plan. Additionally, if the provisions in

Estate Planning

How does a Probate Attorney help in preparing a valid Will?

Introduction A will is an important document that designates who will be in charge of your estate and belongings in the event of your death.

Estate Planning

When is Probate Necessary in New York?

One of the most common questions that people tend to have after the passing of a loved one is, do we need to probate the

Estate Planning

What assets cannot become a part of a probate estate?

Early estate planning is a proactive step one has to take. The step is to lessen the burden the loved ones will experience when handling

Estate Planning

How do estate planning attorneys help you with beneficiaries?

You should think carefully about who will get your assets or the payment from your life insurance policy, as beneficiary designations cannot change or be

Estate Planning

State the basics of estate planning

Creating an estate plan entails deciding who will ultimately inherit your possessions. If you cannot manage your affairs independently for any reason, thus also specify

Estate Planning

Will issues that probate lawyers can help you with

What is a Probate lawyer? There’s an old saying, ‘you can’t take it with you when you die.’ Therefore, someone has to be there to

Estate Planning

What questions to be asked before hiring a Probate Attorney

A probate attorney is one of the most influential people you will need to contact when dealing with a loved one’s estate. The probate process

Estate Planning

Give an example of an adverse consequence that can result from the lack of estate planning

Introduction Imagine leaving all your wealth and money to your child or spouse and the creditors coming in and taking everything and leaving them nothing.

Estate Planning

What is the seven year rule in inheritance tax in estate planning attorney?

An inheritance tax (IHT) is imposed on property that has been gifted or inherited. Even though IHT is charged upon death, it may also be

Estate Planning

Do you need a Probate after your Spouse’s Death?

Why is it necessary to probate? Some people can make many wills in their lifetime. Therefore, land registry offices, banks, and other entities traded by

Estate Planning

How a Probate Lawyer Assists With the Estate

Estate attorneys and probate lawyers assist non-lawyer clients in carrying out their duties as executors, personal representatives, or administrators of estates. As they navigate the

Estate Planning

What are low-cost assets estate planning strategies?

An Estate of a person includes everything he owns. From one’s home to vehicles, bank accounts, insurance, financial investments, properties, and other personal belongings. So,

Estate Planning

As per an estate planning lawyer, how much can you inherit from your parents without paying taxes?

When a person inherits any estate from his parents after the death of his parents, then that estate inherited by the person could be subjected

Estate Planning

Function of Probate Lawyer when there is no will

Probate is the judicial process whereby there is proof of a will in a court of law, and there is acceptance. The probate makes a

Estate Planning

What are the practice areas of estate planning attorneys?

Introduction An estate planning attorney is a lawyer who practices in all areas of estate planning—their ability to craft thorough estate plans that will best

Estate Planning

What happens if you don’t apply for probate?

When someone passes away, you fill out a will and start the probate process if you execute the probate process. However, what happens if there

Estate Planning

When Is Probate Estate Administration not necessary?

When someone passes away, probate (assuming they left a will) and estate administration are typically used to wrap up the deceased’s financial affairs. Moreover, in

Estate Planning

How much does an estate planning cost?

Estate planning ensures that the persons or entities to whom an individual desires to leave their estate do so in the manner planned. Once everything

Estate Planning

What are the four important estate planning factors?

You know it’s time to start working on your property plan. But you don’t know what essential elements to include in it. Understanding the key

Estate Planning

Is Estate Planning only for the Wealthy?

When people talk about “Estate Planning” they often think that it is only for the wealthy. We think that most people are living with the

Estate Planning

How does an estate plan help with one’s last will?

Many spend more time planning vacations, choosing a car, and choosing a place to have dinner than planning property. After death, decide who inherits the

Estate Planning

How can a probate attorney help when you are disinherited?

Introduction Disinheritance can be a hard choice. Nevertheless, this is sometimes necessary for the well-being of the estate, family members, and the disinherited. For various