Fiduciary Responsibilities: An Overview
It may be necessary for you to act as a power of attorney for a family member or a friend. Your person may be planning for when they might become unable to take care of their affairs. For example, they…
Probate Process: What You Need to Know
A probate court validates a will and ensures an executor manages the decedent’s assets and debts in accordance with the law and the decedent’s wishes. To begin probate, a personal representative or executor must file with the county court where…
What to Expect During the Probate Process Without a Will
What happens if your loved one dies intestate (without a will)? According to your state’s intestacy laws, a probate court will oversee the distribution process of the decedent’s property. Also known as intestate succession, it has similarities to the probate…
Probate: How to Determine If You Need It
Probate sounds expensive and complicated, but it is simply a standard legal procedure formalizing how assets pass from a deceased person’s estate to their chosen beneficiaries or heirs. Whether or not you require probate depends on the type of property…
Probate Without or With a Will: An Overview
Probate is a legal process that takes place after someone passes away and is conducted in probate court. Unfortunately, fewer people know that it can be a long and complicated process. It can sometimes take months, or even years, to…
An Overview of the Probate Process
ABA explains that probate is a legal process that gives legal recognition to a will, appoints the executor to administer the estate, and appoints the personal representative (executive) to distribute property. Navigating the probate process will vary according to state…