When an individual dies owning property solely in his or her name without a beneficiary designation, a formal procedure ("probate") is usually needed to determine to whom the property should pass. If there is a valid Will, the probate court will oversee that property passes according to the terms of the Will. If there is no Will, the property will pass to the individual's heirs at law through the probate system. However, it is possible to legally pass property to another person without going … [Read more...] about Avoiding Probate (An Elder Law Today Blog)
Why is Estate Planning Important in 2016?
Studies show that a majority of American adults do not have a complete and cogent estate plan in place. Failing to plan ahead for death and the likelihood of incapacity in our later years can be costly, both emotionally and financially. Many people do not have an estate plan because they don't understand the importance of estate planning. We will highlight some of the key reasons why estate planning is essential in this blog. Avoiding Intestacy If you pass away without any estate … [Read more...] about Why is Estate Planning Important in 2016?
How Can I Avoid Probate?
There is an estate administration process that takes place after you pass away. When a will is used as a vehicle of asset transfer, property becomes probate property at first. This property cannot be transferred until the estate is probated by the court, and this process can be time-consuming. There are also considerable expenses that can present themselves during probate. When you hear about these potential difficulties, you may wonder if it is possible to avoid probate. The answer is yes, you … [Read more...] about How Can I Avoid Probate?
How Much Does Probate Cost in Campbell California?
How Much Does Probate Cost in Campbell California? from Roy W. Litherland It is possible to facilitate asset transfers outside of probate to avoid these expenses. Learn more about probate cost in campbell califonia in this presentation. … [Read more...] about How Much Does Probate Cost in Campbell California?
Free Report: Is Probate Always Required in California?
If you are in direct personal possession of property at the time of your passing, even if you have a last will, the property would become probate property initially. Topics covered in this whitepaper include: Insurance Policy Records Property Held in Joint Tenancy Payable on Death Accounts Revocable Living Trusts Click here to read the whole article or download the PDF. … [Read more...] about Free Report: Is Probate Always Required in California?
Free Report: What are the Drawbacks of Probate in California?
The probate court must examine the will to determine its validity. If there were any challenges to the validity of the will, they could be presented during the probate process. Topics covered in this report include: Estate Challenges Time Consumption Loss of Privacy Expenses Avoiding Probate Click here to read the whole article or download the PDF. … [Read more...] about Free Report: What are the Drawbacks of Probate in California?
What Questions Should I Ask an Estate Planning Attorney?
There are a lot of things that you should know when you are devising your estate plan. If you do not act in a fully informed manner, you could make mistakes that negatively impact your loved ones. When you discuss things with a licensed estate planning attorney, you can go forward in a fully informed manner. Ultimately, you can emerge from the interaction with a personalized estate plan that ideally suits your needs. In this post we will look at some questions that you may want to ask your … [Read more...] about What Questions Should I Ask an Estate Planning Attorney?
Is Probate Always Necessary?
Is Probate Always Necessary? from Roy W. Litherland When an estate passes through probate, the court supervises its administration. Learn more about probate in campbell california in this presentation. … [Read more...] about Is Probate Always Necessary?
Is Probate Always Necessary?
Is Probate Always Necessary? from Roy W. Litherland When an estate passes through probate, the court supervises its administration. Learn more about probate in campbell california in this presentation. … [Read more...] about Is Probate Always Necessary?
What Is the Uniform Probate Code?
Back in the 1960s, forces within the legal establishment determined that the process of probate should be simplified and streamlined. Each state was using a different probate code, and interested parties wanted to see uniformity among the states. In 1964, the National Conference of Commissioners on Uniform State Laws worked in conjunction with the American Bar Association to draft a Uniform Probate Code. It took them quite a bit of time to put the code together, but the final version was … [Read more...] about What Is the Uniform Probate Code?
