It is common for American families to have stepchildren, who are usually treated the same as biological children when it comes to inheritance. This is particularly true where stepchildren are part of a blended family from an early age. Biological…
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…
Intestacy laws determine how the decedent's property will be distributed if your loved one died without a will. Also known as intestate succession, it has similarities to the probate process when a will is present. Still, the terms are not…
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…
In a will, you identify who will receive your assets and properties, addressing who will inherit them after your death. Your will names a personal representative (executor) who will carry out your directives. In addition to asset distribution, your executor makes…