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Is there any link between life insurance and estate planning?
For most families, the need for life insurance is the most significant concern in life. Young children face the financial burden of supporting their families,
For most families, the need for life insurance is the most significant concern in life. Young children face the financial burden of supporting their families,
Government gift tax Almost anything you own can be given as a gift. In addition, the IRS permits you to donate up to a specified
Estate planning is something that is required for the safety and happiness of our family. Reports have suggested that estate planning doesn’t just secure your
A lot of people are more interested in planning their vacation trips rather than estate planning. They think that estate planning is only for the
Trusts are legal entities that will assume ownership of or own some assets after a specific triggering event. However, who has the right to be
Introduction An Estate of a person includes everything they own. From one’s home to vehicles, bank accounts, insurance, financial investments, properties, and other personal belongings.
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
Hiring a probate attorney can be a tough decision. There are a lot of factors to take into account. The followings are some pros and
Trusts are legal entities that will assume ownership of or own some assets after a specific triggering event. A trust involves information on how investments
What does ‘to probate’ mean? The conceding of probate is the most vital phase in the lawful course of overseeing the home of a departed
Creating an estate plan entails deciding who will ultimately inherit your assets. If you cannot manage your affairs independently, it also specifies how you would
Steps of the Probate Process There are four steps in the probate process. The first step is determining the validity of the Will. The second
There is no life expiration of the valid wills. But then, what happens when the probate attorney discovers the Will after the probate? Then, the
A probate lawyer or an estate administration attorney usually helps in wrapping up the estate of that person who has lost his life. You’ll get
An estate plan enables you to plan for what will happen after you pass away or if you become incapacitated and unable to care for
What happens in the absence of a will? Even if your loved one hadn’t left a will, their assets still need to pass through the
Introduction If your loved one dies in another state, you may wonder if you need to hire a probate lawyer to help settle their property.
What is Probate Probation is both legal as well as a financial process. This probation process occurs when someone dies and leaves their asset and
Introduction The term Probate Attorney refers to a probate lawyer. They help non-legal counselor clients to satisfy their responsibility as administrators, individual representatives, or executors
There are procedures for removing or changing a trustee if you are the creator, a co-trustee, or a beneficiary of a family trust and believe
What is Trust? A trust is a legal arrangement governing the transfer of assets from an owner known as the grantor or trustee. They set
Estate planning attorneys are licensed legal professionals who specialize in the field of Estate planning and have a clear and thorough understanding of federal and
Introduction The profound sense of loss of the loved one can be overwhelming. Therefore, when a family member dies, it is advisable to step back
Medical Power of Attorney A healthcare proxy or medical power of attorney appoints a person to make medical decisions on your behalf if you become
Individuals or families who find something troubling them in any legal situation experience very stressful situations in life. During these challenging times, a probate lawyer
One can request without consulting a lawyer. However, there are certain risks. Probate is the legal procedure for settling someone’s estate (their property, possessions, money,
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
Giving someone power of attorney enables them to make decisions on your behalf. These choices may be judicial, fiscal, or medical. There are numerous types
The cost of hiring a probate lawyer Hiring a lawyer is one of the most expensive parts of the probate process for many families. A
Introduction There are generally two types of probate. The first is the probate of a will. The second is a proceeding to administer the estate