• Probate

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    Probate is a legal process in which the authenticity of a will is proved; total properties identified, inventoried and appraised; taxes and debts paid; and the remaining properties distributed. The term "probate" is derived from the Latin word "probare," which means "to prove."Suppose all of a person’s property, sometimes known as “assets”, were in that person’s name.Read more…
  • How To Avoid Probate

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    Probate can take anywhere from a few months to several years. It's expensive. Court fees and attorney's fees can come to around 5% of the estate's value.Read more…
  • Probate Sales

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    In this article we’ll see who can sell the assets of the decadent and how it is done.Suppose the decedent solely owned all properties himself. There are two possible situations that we can consider.Read more…
  • Probate Research

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    Probate research is, in a sense, a study about family trees. Genealogists and historians are particularly apt to undergo probate research. Probate records give immensely invaluable information to them.Read more…
  • Probate Records

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    All important documents which are used in the probate process are known as probate records. The first category of records relate to personal properties which are to be submitted to the court.The will should state what assets are involved, who are the beneficiaries, who will be the personal representative, guardian for minor children less than 18 years old, someone to manage children’s’ property [if the heirs are minors or young adults], signature of witnesses, signature of self and endorsement by the notary.Read more…
  • Probate Court

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    Probate court is the office where all probate issues are handled. The probate court handles all matters of probate, right from admitting the petition for probate until issuing the order for transfer of property to heirs and beneficiaries.In most states probate courts function exclusively.Read more…
  • Probate Law

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    This article gives an outline of the legal requirements involved in the probate process. Probate is the judicial process whereby property of a dead person is transferred according to either the decedent's will or laws of intestate succession.Once a person dies, probate is to be undertaken so that his properties are transferred to other people.Read more…
  • Last Will And Testament Laws

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    The laws of each state specify conditions for writing a last will and testament. Under old common law there used to be a separate writing disposing of real property (real estate) called ‘testament’, and a separate writing disposing of all other property called ‘will’. Hence the archaic phrase ‘last will and testament’.Read more…
  • Contesting A Last Will And Testament

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    A will is a precious document that determines the distribution of a person’s assets to individuals on his demise - according to his choice and in a legally approved fashion. The beneficiaries of a will are usually those who fall in the law of descent from spouse, to children and then their descendants. But a person is also free to leave his money to anybody he likes – he can leave his property to charity, a sizeable sum to his faithful butler, and not a penny to the family.Read more…
  • Free Last Will And Testament Packages

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    A will is a legal document that divides your property among beneficiaries – like your spouse and children - and decides the fate of your assets. There are free packages for creating wills available in the market.The person making the will is called the testator and those receiving any items from the will are called beneficiaries.Read more…
  • How To Write A Last Will And Testament

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    Thinking about your death is not pleasant, but preparing your family for the circumstances of your possible demise is a wise act. The will is a document that prepares a person and his family for the inevitable eventuality of his death.You would want to make a perfect will primarily because you want your precious wealth to be inherited by your chosen near and dear ones.Read more…
  • Last Will And Testament Forms

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    Wills are documents that reflect your deep desires to transfer your assets to those you love in the event of your demise. It says how your property must be distributed among your siblings, children, spouse and friends. There may also be instructions on what should be done to your property (such as providing for donating some money to charity).Read more…
  • Last Will And Testament Kits

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    Preparing a will early on in life is a wise decision. It may not be so timely once you are old and senile. Nearly half of all Americans pass away without proper wills.Read more…
  • Reading A Last Will And Testament

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    The simplest way to see that your wealth and personal belongings are distributed according to your wishes is to prepare a will. A will is an important document and the law is strict about all its details. This is because the Testator is no longer alive to declare his wishes while implementing a will.Read more…
  • Why is Estate Planning So Important?

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    What is estate planning and just why is it so important? Estate planning is what a person engages in while they are making out a last will and testament. They determine what will happen to all of the assets they own and who will benefit from such assets.Read more…
  • The Estate Plan You Wish Your Parents Had!

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    Do we agree that life is a struggle? It's kind of fun if you have a sense of humor, but you have to be serious about estate planning. Estate planning simply means doing your best to preserve the wealth and assets you accumulate during your lifetime.Read more…
  • Will You, Won't You: Why You Need A Last Will And Testament

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    What is a Will?It is a legal document or a signed letter left by the deceased giving instructions on what should happen after his/her death and how the estate should be divided. We all know we should have one, but often do not understand why.Read more…
  • Future Proofing: Why You May Need An Enduring Power Of Attorney

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    People can become unable to manage their own affairs at any stage of life. An accident, or the onset of mental illness, may make the everyday routines of buying and selling a house, paying bills, managing a budget and making financial decisions difficult and stressful, if not impossible. By completing an Enduring Power of Attorney (EPA) you can ensure that if this should ever happen, the person you choose to be your representative (your Attorney) will look after your affairs.Read more…
  • Advance Planning: The Advantages Of Living Wills

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    Nowadays, there are many treatments which offer patients with serious or terminal illnesses the chance to live longer. However, in some cases, these treatments may offer little or no chance of full recovery. They may have side effects that could be considered worse than the illness or leave the person in a condition he or she would find unbearable.Read more…
  • Who'll Be Their Guardian?

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    If you are like most people today, you do not have a will. The reasons for this failure are many, with the most common being along the lines of "I don't have enough assets to worry about", "I don't know how to write a will", or "Lawyers charge a lot of money".Here's my answer to the last two - buy a software package that helps you draw up your own will and follow the forms.Read more…

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