Legally validating a will, naming or validating a personal representative (executor), and transferring assets to intended beneficiaries is a process called probate. It also requires paying the decedent’s outstanding debts and federal and state taxes. Each state has different laws…
In spite of the fact that probate can be complicated, long, and expensive, proper estate planning can mitigate unwanted risks by anticipating what might happen and preventing problems before they arise. Sound estate planning can make the probate process run…
You can minimize or avoid probate entirely by working with an estate planning attorney. Probate proceedings are part of the public record and can be very time-consuming and expensive. However, in nearly every case, some probate is necessary, so it…
Probate is the legal process that recognizes a will and appoints an executor to administer an estate and distribute it to the intended beneficiaries, according to the American Bar Association (ABA). Navigating the probate process will vary according to state law.…