During probate court, a person’s will is validated and the executor is responsible for handling the decedent’s assets, debts, and final tax filings legally and according to the decedent’s wishes. To begin probate, a personal representative or executor must file… Read more »
Tag: Will
An Overview of the Workings of a Will
According to Care.com’s estate planning survey, 57% of U.S. adults don’t have a Will. The survey found that participants were more likely or less likely to have a Will depending on issues such as age, race, and education. For example,… Read more »
The Process of Probate Entails the Transfer of Property
During probate, the will of a deceased individual is authenticated, assets are reviewed, debts are paid, taxes are collected, and assets are distributed to heirs. Legally, probate is the process of authenticating the will of a deceased person, reviewing their… Read more »
Planning Your Estate: What You Need to Know
While estate planning may seem exclusive to the very rich, an estate is simply the aggregate of property that an individual owns, and nearly everyone owns something. Property ownership includes individual as well as jointly owned bank accounts, stocks and… Read more »
A Guide for Seniors on Estate Planning
Estate planning is considered essential by most older adults. Yet, nearly half of Americans age 55 or more do not have a will, and even fewer have designated powers of attorney, a living will, or health care directives. These documents… Read more »