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Estate Planning

Is probate always required for real estate?

Probate is the legal process necessary to deal with one’s property, assets, money, and any other last wish after death. Executors issue the probate of

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Can a will be changed after probate?

A Will: What Is It? A will is a legally-binding document that outlines their final desires. It also specifies the beneficiaries list and estate allocation.

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What happens if assets are found after probate?

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

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Is a probate lawyer the same as an estate attorney?

What is Probate? Probate is the lawful authentication and validation of a will. Moreover, the general administration of a decedent’s estate or the estate of

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What are the steps followed by probate?

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

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What are the responsibilities of a probate attorney?

Introduction The term Probate Attorney refers to a probate lawyer. They help non-legal counselor clients to satisfy their responsibility as administrators, individual representatives, or executors

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What is the probate of a will?

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

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How can you assign a health care proxy in Estate planning?

A Health care proxy or healthcare surrogate makes medical decisions on your behalf. A healthcare proxy will make sure the doctors follow your wishes. It

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What do you understand by the term ‘estate planning?

Estate planning is deciding how a person’s wealth will be preserved, managed, and distributed after death. It also considers the management of personal assets and

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How does estate planning helps in jointly owned property

Estate planning helps in jointly owned property by ensuring a plan in place for the distribution of property in the event of death. The program

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What is a Probate?

Probate is the judicial process whereby the court proves the will. The court accepts the legitimate public document that’s true to the last testament of

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What are the Pros and Cons of Hiring a Probate Attorney

Hiring a probate attorney can be a tough decision. There are a lot of factors to take into account. The followings are some pros and

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State 3 tax strategies to implement with Estate Planning Lawyer?

Most individuals work hard their entire lives to save money and acquire valuable items or residences. However, only around 30% of Americans have a will

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When do I need a probate lawyer?

What is Probate? The court-supervised process of probate is where the assets of a recently deceased person, known as the decedent, are transferred into the

Estate Planning

Best Estate Planning Lawyers in Brooklyn: Why it is important?

We often ignore estate planning because we don’t find it necessary. Even a survey says that only 4 out of 10 Americans currently have an

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Do trust beneficiaries pay taxes? What role does an estate planning lawyer play here?

Instead of the trust itself paying the tax, beneficiaries of trusts often do so on the distributions they get from the trust’s revenue. Nevertheless, as

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As per an estate planning lawyer who has more rights a trustee or a beneficiary?

Trusts are legal entities that will assume ownership of or own some assets after a specific triggering event. However, who has the right to be

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Is Estate Planning Only For the Wealthy?

After hearing the term estate planning, most people think it is just for the wealthy. People with a considerable amount of money are the ones

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When does a person require estate planning?

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

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What are the most important estate planning components?

What Are Estate Planning components? A will, guardianship designations, healthcare powers of attorney, beneficiary designations, durable powers of attorney, and a personal letter of intent

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As per an estate planning lawyer, how much can you inherit from your parents without paying taxes?

When a person inherits any estate from his parents after the death of his parents, then that estate inherited by the person could be subjected

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Is a will better than a trust? What can estate planning do?

A person’s estate comprises all their belongings and assets, such as real estate, buildings, gold, stocks, mutual fund investments, life insurance policies, money, bank accounts,

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Why do you need a Probate Lawyer?

Probate Lawyers act as advisors to help their clients satisfy their roles as heads, individual delegates, or estate agents. They help them as needs might

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How do estate planning attorneys help in a revocable living trust?

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

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An estate planning attorney helps to create a living trust

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

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Who can initiate probate?

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

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What are the qualifications of a Probate Attorney?

Becoming a qualified Probate Attorney can open a lot more opportunities for you. For example, the probate Attorney helps with estate planning after the person