An estate is administered via probate by naming a personal representative (executor) and distributing assets to beneficiaries. It also requires paying the decedent’s outstanding debts and federal and state taxes. Each state has different laws determining if probate is necessary…
Most estate planning attorneys can help you avoid probate altogether or minimize its impact. Probate proceedings are part of the public record and can be very time-consuming and expensive. However, in nearly every case, some probate is necessary, so it…
COVID-19 has raised awareness in the US about the importance of having a will, a living will, and possibly a living trust. Still, this knowledge is not translating into estate planning action. No matter your age or asset level, having…