Probate law has specific provisions for handling the affairs of people who have died. These laws are followed according to the specifications that are set out in the statutes. Failure to follow these laws can lead to a lawsuit or even criminal proceedings. Breach of trust is one of the more severe consequences of not […]
Planning your Estate When a loved one passes away, money often becomes a major issue for spouses, descendants, and beneficiaries. Whether repaying an outstanding debt or collecting a life insurance claim, money is the primary driving force in almost every decision that an executor will make, making it one of the most complex assets to […]
Receiving an Inheritance After a will has been presented, or the court has ordered an intestate succession, an estate’s assets are distributed amongst beneficiaries, such as a spouse and children. The division of assets is one of the most important parts of estate planning and the probate process, and receiving an inheritance during the highly […]
Executor of a Will An executor of a will takes care of the deceased person’s finances, which includes finding the will, taking an inventory of the estate, paying taxes and debts, and distributing remaining property among the heirs of the deceased. To help with this process, an executor may hire professionals such as an attorney […]
As elderly people get older, it’s crucial for them to prepare all of their legal documents to protect themselves in terms of health care and their finances. Sometimes when someone doesn’t clearly identify every detail of their finances or possessions within their will, the deceased’s family members will have to go to a Probate Court, […]