Let’s now discuss the “rights” of a Trustee, followed by the “rights” of the Trust beneficiaries, and the potential consequences of acting imprudently and losing
People appear to spend more time arranging a vacation, buying a car, or even dining out than they do picking who will inherit their assets
Probate is the judicial process whereby proving a will in a court of law. First, there is acceptance of the choice as a legitimate public
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
Nobody in this world can avoid death. When the person dies, the distribution of the deceased person’s assets takes place through the probate court. Therefore,
Estate planning lawyers are licensed legal professionals who specialize in the field of Estate planning and have a clear and thorough understanding of federal and
In a trust, the trustor, or first party, gives the trustee the power to hold title to assets for the benefit of the beneficiary, or
An Estate of a person includes everything he owns. From one’s home to vehicles, bank accounts, insurance, financial investments, properties, and other personal belongings. So,
When you live in NYC, and if you die without leaving a will, things can actually get complicated for your family members. Before you die
The much-loved Prince, a significant figure in the music industry, just passed away. The passing of this music legend highlights the need for estate preparation.
Estate planning helps in jointly owned property by ensuring a plan in place for the distribution of property in the event of death. The program
Introduction If your loved one dies in another state, you may wonder if you need to hire a probate lawyer to help settle their property.
A question that pops up inside every adult’s mind is, “Do I need an estate plan?” A study reported that more than 76% of adults
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
When a lawyer’s license is canceled, the lawyer has been found guilty of a crime, fraud, or moral turpitude. A court may revoke a lawyer’s
Who is a probate lawyer? Every human being has to leave this World one day. There’s no denial in that. Every human being possesses some
Many spend more time planning vacations, choosing a car, and choosing a place to have dinner than planning property. After death, decide who inherits the
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
Are you a single, and you are reaching retirement soon? Well, then this is the right time for you to do some estate planning. Estate
Everyone has distinct intentions when they plan their estate. While some prefer to spend their last dollar on their final day, others prefer to live
Estate plans are very different and vary based on the individuals who make them. When making an estate plan, every person is different and so
Probate is the judicial process whereby one proves a will in a court of law and accepts it as a valid public document. A probate
A beneficiary, in a legal term, means the person who is the lawful inheritor or recipient of the deceased’s estate. The decedent mentions the beneficiary’s
Creating an estate plan entails deciding who will ultimately inherit your assets. If you cannot manage your affairs independently, it also specifies how you would
An executor who does not report theft from an estate before inventory commits theft by stealing property from it before inventory is conducted. According to
After the death of a person, the probate court oversees the entire process of transferring his/her assets to the beneficiaries, which is known as probate.
What happens in the absence of a will? Even if your loved one hadn’t left a will, their assets still need to pass through the
The estate planning lawyer, also known as an estate probate lawyer, helps a person create a solid plan for handling the mentioned situations. Such lawyers
It is important to note that the beneficiary of the trust may not be happy with the money withdrawn from the trust account, and do
In a trust, one person (“trustee”) holds assets on behalf of another person (“beneficiary”). Generally speaking, beliefs have unique special rules established by a written
