Probate is a legal process that takes place after someone dies. It involves validating a deceased person’s will, paying off any outstanding debts and taxes, and distributing assets to heirs…
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Planning for what happens after you die might not be the most pleasant of tasks. However, it's undoubtedly among the most important. Without an estate plan in place, those you…
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Everyone has an estate, and all of your property, both physical and intellectual, forms that estate. You don't have to be rich or have a certain amount of assets to…
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A trust is a legally created fiduciary arrangement designed for the security, growth, and division of assets. There are three distinct roles in a trust, with countless combinations of trust…
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Probate assets consist only of assets owned by the decedent at death that do not pass automatically (i.e., by operation of law) to the intended beneficiaries. A person’s will deals…
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Probate is the legal process that takes place after someone dies of proving the validity of a will or establishing who is entitled to receive the decedent’s property under state…
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Despite the variety of labels applied to them, all trusts are basically arrangements to hold and control property for the benefit of other people. To the layperson, trusts can appear…
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A person who dies is known as the “decedent.” A decedent who dies without a will is known as dying “intestate.” If a person dies without a will, a court…
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Estate planners are often asked whether trusts are only for the wealthy. Though it is not necessary for some people of modest means to establish a trust, it can be…
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