
What is the purpose of the trust in estate planning?
What is Trust in estate planning? A trust is a fiduciary partnership in which the trustor, or first party, grants the trustee the authority to

What is Trust in estate planning? A trust is a fiduciary partnership in which the trustor, or first party, grants the trustee the authority to

What is a Probate? The Latin verb “probate” means to test or scrutinize, while the English word “probate” implies “to prove.” The executor of the

What is a revocable trust? Forming trust is a straightforward process. First, you must set specific goals and meet your intended needs with the help

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

Being parents has always been a tough job. Taking care of your children and making sure that they are safe, has always been the primary

Following are the ways to manage estate planning- Create an inventory of what you own and what you owe. Make a detailed inventory of your
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

Probate is the judicial process whereby there is proof of a will in a court of law. One accepts a will as a valid public
Probate Probation is known as a legal procedure. Under probate, the assets of the person who has passed away are evaluated and supervised. Along with

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

As the name suggests estate planning is basically a plan to deal with your estate. Estate planning is an essential tool to manage your assets

Although the time to receive inheritance may not be pleasant, obtaining it can be a great blessing. When one of your close ones passes away

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

Have you ever wondered what will happen to your assets after you are gone? The distribution of your assets will take place through the probate

When a family member or a friend dies, someone needs to represent them in the court for the probate process. Therefore, the person appoints either

The process of probate in NYC is quite different from other states. The primary reason behind the indifference is that the laws of every state

Probate of Will The High court grants probate with the court seal and a copy of the Will attached. A statement of legal intent that

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

A beneficiary deed can be essential to estate planning, especially if a person has an estate worth more than $5 million. So, what do you

What is estate planning? Estate planning is creating a plan to distribute assets after a person’s death. The estate planning attorney can help you with

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

Ancillary probate- The ancillary probate is an extra probate process when the deceased person (decedent) has owned property in a state outside the state where

Lawyers usually use one of three methods to calculate probate jobs. Hourly, flat rate, or percentage of the value of a real estate asset. Attorneys

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

The legal procedure that follows a decedent’s death is referred to as probate. It establishes the distribution of the decedent’s estate. However, the probate inventory

A probate process helps in the rightful possession of a will. A probate court, which has the legal authority to resolve issues relating to wills

What is Estate Planning? Estate planning isn’t just for the wealthy and well-known. You still need a plan, even if you don’t have a six-figure

Understanding the probate lawyer: A probate lawyer is a state-licensed attorney who works with the executors and the beneficiaries of an estate to settle the
The three payment options for probate attorneys: The costs will vary depending on the attorney’s experience, the standard rate in the region where the attorney

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