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February 11, 2023
When closing an estate, contacting heirs, dividing assets, and settling debts owed by the grantor are expected parts of the process. For some estates, going through the probate process may be necessary to finalize asset divisions or accounts related to the estate. Depending on the estate, and the assets in the estate plan, this process may be expedited or unnecessary. However, with most estates going through probate, understanding the process is crucial. What Is Probate? […]
January 17, 2023
Planning for an estate can be difficult and time-consuming. There are countless decisions that need to be made, paperwork that must be filled out, and other necessary steps to complete. One of the major choices that must be made is who will be named a beneficiary in the will. When all decisions have been made and the will has been finalized, the individual is free to tell whomever they want about it. In some cases, […]
January 16, 2023
Planning for the eventual end of your life can give you and your family some peace of mind. Creating a will or a trust will help protect your assets and also provide financial or material support for loved ones when you are gone. There are many different decisions that go into creating a will. You must decide which assets to give to which people and who will be in charge of carrying out your wishes. […]
January 15, 2023
Estate planning is a significant undertaking that many people do not fully understand. It may seem unnecessary, but establishing a will is a great way to be sure that your loved ones are supported and cared for in the event of your death. It will also provide a way for you to protect your assets so they are available for your loved ones in the future. The process of writing and developing a will is […]
December 17, 2022
Navigating the probate process can be tricky, especially after it has started. One of the main aspects of the probate process is evaluating and legitimizing the will involved. When going over these stipulations during probate, problems with the will may surface. Despite the probate process seeming final, there are ways to change or challenge a will once it has begun. Is Probate Necessary If There Is a Will? If someone is listed as an executor […]
December 16, 2022
When a family member passes away, their estate is typically split amongst their spouse, other family members, and any beneficiaries left in their will. For those with siblings, the inheritance process can quickly become confusing. Understanding the process is crucial before going through the terms of a sibling’s will. What Is Inheritance? When distributing a decedent’s estate to their heirs, a sequence of inheritance is used. Siblings are typically not given priority in the line […]
December 15, 2022
Losing a family member is always challenging, especially if their assets are split up according to their will. The probate process could be necessary to hasten the distribution of assets, depending on the terms of a relative’s estate plan. The probate process is governed by a set of laws in every state, including California. Understanding what makes these claims solid, as well as how they can be rejected, is critical for filing a complete, strong […]
November 23, 2022
A person’s estate may need to go through probate after their death. If there is a will, the court will certify it during the probate process. The personal representative must also pay the decedent’s taxes, and creditors must be given a chance to collect any obligations from the estate, as determined by the court. Finally, the personal representative will be mandated by the court to distribute the estate’s assets according to the stipulations of the […]
November 22, 2022
The California probate process should factor into any estate plans you make, especially considering the extra steps needed to go through probate. As with any legal process, you need to have a basic understanding of probate to comprehend the estate planning process. Most individuals believe that the last will should be used to transfer assets. This is undoubtedly an option, but you should be aware that the will would enter the probate process after your […]