
When is Probate Necessary in New York?
One of the most common questions that people tend to have after the passing of a loved one is, do we need to probate the
Home » Estate Planning » Page 6

One of the most common questions that people tend to have after the passing of a loved one is, do we need to probate the

Introduction Imagine leaving all your wealth and money to your child or spouse and the creditors coming in and taking everything and leaving them nothing.

Having an estate plan is important for everyone. It doesn’t matter if you are young, or you don’t have a lot of assets because it

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

Estate planning is frequently postponed until it is too late. They might believe it’s only for affluent people, think it’s complicated, or find it challenging

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

Create an inventory of what you own and what you owe. Make a detailed inventory of your assets and liabilities, including account numbers and contact

The probate process includes paying off the deceased’s debts and distributing the estate’s assets according to the will or state law. Probate lawyers, also referred

The probate process is a complicated one with lots of costs. However, with the help of a professional, you can save money by knowing what

Government gift tax Almost anything you own can be given as a gift. In addition, the IRS permits you to donate up to a specified

Probate, if required, starts as soon as a loved one passes away. If the deceased had a will, the estate must go through probate, which

As a small business owner, you have a lot of responsibilities. Your employees, your customers, and your company are just a few of the many

Most people after hearing the term estate planning think that it is just for the wealthy. People with a huge amount of money are the

Introduction Inheritance may be required. As a result, most people need to consult a probate lawyer at some point. Unfortunately, this cannot be easy. After

What is Estate Planning? Estate planning isn’t just for the wealthy and well-known. You still need a plan, even if you don’t have a six-figure

Several factors affect the time the banks take to release money from a deceased person’s account after the probate. For example, suppose a report of

The term ‘estate’ accounts for an individual’s personal and financial belongings. Moreover, they ensure that everything happens as they wish in a legal and structurally

Introduction What could be worse than going through a formal probate court process when a loved one passes away? Whether conducting two of these court

Although the beneficiary designation is a crucial step in estate planning, it is handled separately from your actual estate plan. Additionally, if the provisions in

Introduction Estate planning attorneys are licensed legal professionals who specialize in the field of Estate planning and have a clear and thorough understanding of federal

All individuals want to pass on a little fortune to their children or other loved ones. So they endlessly keep saving to make life somewhat

As you get older, having a secure estate plan is essential to know your property and family will be taken care of when you are

When someone passes away, probate (assuming they left a will) and estate administration are typically used to wrap up the deceased’s financial affairs. Moreover, in

Introduction The attorney will handle the will, probate, and other legal issues that arise. The probate attorney will also help with administering the estate and

Estate planning can be tricky, but we believe that with the guidance of an experienced estate planning lawyer it can be simplified. We provide free

A person’s estate consists of all of their possessions and assets. It includes real estate, buildings, gold, stock, mutual fund holdings, life insurance policies, cash,

Before diving deep into whether a bank can release funds without Probate, we first need to understand what Probate is. What is Probate? Probate is

Estate planning lawyers are licensed legal professionals who specialize in the field of Estate planning. They have a clear and thorough understanding of federal and

After someone’s death, it’s not always easy to identify everything they own. New assets found during or after the probate process can affect the probate’s