Dec 9, 2022 · The Probate Process The probate process includes filing a will and appointing an executor or administrator, collecting assets, paying bills, filing taxes, distributing property to …

Jun 27, 2002 · In any event, most of the costs incurred in probate, for accountants, lawyers, and appraisers, for example, result from tax issues that arise regardless of whether your assets …

Feb 20, 2025 · The phrase “life estate” is sometimes mentioned when discussing estate and Medicaid planning, but what does it mean? A life estate is a form of joint ownership that allows …

Feb 13, 2023 · After the distribution of assets, she files a report to the probate court summarizing her actions as executrix. Additional Resources For professional guidance on appointing an …

Dec 7, 2022 · The word “decedent” is mostly used for estate planning purposes. For example, you may see this term in a last will and testament, or in estate closure documents related to …

Jul 30, 2024 · Probate is a legal process that happens after someone dies. While probate can be complex, lengthy, and expensive, an estate planning attorney or probate attorney can help …

Jan 23, 2025 · By sidestepping the court process known as probate, TOD accounts offer an efficient way to pass assets to loved ones or charities. However, they are not suitable for all …

Mar 6, 2015 · A "Lady Bird deed" (also known as an enhanced life estate deed) is a way to transfer property to someone else outside of probate while retaining a life estate in the …

Apr 16, 2024 · The person who creates a will (the “testator”) names an executor to ensure that the instructions in their will are carried out, and that the legal requirements for administering an …

Jan 10, 2025 · Takeaways “Per stirpes” and “per capita” are terms used in estate planning that refer to the distribution method for the assets of a deceased person to their heirs. The …