Estate Planning – Estate Administration & Probate

The probate process differs based on whether the deceased left a valid will or died intestate (without a will). These differences dictate how the estate divides, who manages the process, and how decisions proceed.  These distinctions help families prepare for what to...

When someone passes away, the executor handles the estate’s affairs. Executors often receive compensation for their time and effort, known as executor fees. These fees come from the estate itself, and sometimes, family members may question the amount requested....

Wills are important legal documents that outline how to distribute a person's assets after their death.  Understanding the probate process and when it is necessary is important for those planning their estates and for their loved ones. What is probate? Probate is the...

Becoming an estate executor means shouldering the responsibility of passing the assets of the deceased to their new rightful owners. However, sometimes property has to be sold off, such as the house where the decedent lived, with the proceeds going to the heirs....

The main work of an estate executor is to make sure all the heirs to the estate receive their inheritance. If you someday will act as executor for a deceased family member, you should know how to properly organize the property of the estate into an inventory. An...

Planning for the future is an important aspect of responsible adulthood. For families with loved ones with special needs, they must create a comprehensive estate plan to ensure the safety and security of their family members. According to CNBC, only 33% of Americans...

The probate process has the potential to be long, complex and costly. Preparing in advance can save your heirs a great deal of worry and trouble. There are certain steps you can take to make some assets exempt from the probate process. Use a living trust Establishing...

Estate planning is an important process to make sure that other people distribute assets according to someone's wishes after they die. For seniors, this terrain is often full of challenges. Undue influence happens when an individual pressures an elder's decisions...

Estate planning is a crucial aspect of financial preparedness that often gets overlooked in family discussions. A serious subject like this may leave adult children feeling overwhelmed and not knowing where to start. Even if your parents do not show any signs of being...

Estate planning involves arranging who will receive your assets and handle your responsibilities after your death or if you become incapacitated. Estate planning becomes particularly important if you have a dependent with disabilities. The financial needs of a person...