
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 » transactional

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

What is a will? A will is a legal document that details the wishes of the deceased. It is the last will of the individual.

Introduction As a trust beneficiary, one might think that they are at the mercy of the Trustee, but beneficiaries have the right to make sure

What is a living trust? A living trust is a fund that holds your assets while you are still alive. This term usually refers to

What is probate? Probate indicates that there is a court proceeding involving: In a probate case, the court appoints an executor (if there is a

One of the leading estate planning strategies to secure your family’s future after your passing is to get life insurance within a trust. Your life

When you have a lot of money, managing your finances cannot be easy. The more money you have, the more difficult it is to spend

It is certainly very hard to contemplate your very mortality and we completely understand it. But then there are some people who ensure that their

A person creates an estate plan as soon as you reach legal adulthood. Also, updating it every three to five years afterward is what many

Probate is the judicial process whereby there is proof of a will in a court of law, and there is acceptance. The probate makes a

Introduction A will is an important document that designates who will be in charge of your estate and belongings in the event of your death.

A group of national experts drafted and reviewed a set of model laws known as the Uniform Probate Code (UPC). UPC state specifically covers Trusts,

Estate planning is essential to everyone. We all have to think about what will happen when we die. It is necessary to decide who will

What is Estate planning? Estate planning is deciding who will get your assets, estate, and personal belongings upon death. This includes planning how much of

What happens in the absence of a will? Even if your loved one hadn’t left a will, their assets still need to pass through the

What is a Probate lawyer? There’s an old saying, ‘you can’t take it with you when you die.’ Therefore, someone has to be there to

Probate is the judicial process whereby one proves a will in a court of law and accepts it as a valid public document. A probate

Probate is the judicial process whereby proving a will in a court of law. First, there is acceptance of the choice as a legitimate public

Uniform Probate Code There is a set of probate codes of laws on all issues related to the Will and estates. The code, created to

An inheritance tax (IHT) is imposed on property that has been gifted or inherited. Even though IHT is charged upon death, it may also be

There is a widespread misunderstanding regarding wills, estate handling, and the probate procedure. Many individuals believe that a will must always go through the probate

What is trust? A trust is an estate planning tool that minimizes the estate and inheritance tax and saves your assets from probate; in a

The difference between a probate lawyer and a Real-Estate Lawyer can be made by thinking of it related to the before and after terms. Usually,

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

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

The terms attorney and litigator are synonyms for professionals who have achieved the appropriate level of education to advise on legal issues and to represent

A Probate lawyer concentrates on wills, trusts, and estate planning, although they have vastly different areas of knowledge. Transactional lawyers take care of legal formalities

A probate process is when a judge hears the case of a will. This magistrate is a probate court magistrate. The probate procedure establishes the

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

Probate of Will The High court grants probate with the court seal and a copy of the Will attached. A statement of legal intent that