At some point in your life you are almost certain to be involved in the probate of an estate. Your role in the probate process might be the result of being named the Executor of an estate or volunteering to act as the Personal Representative of an intestate estate. If you manage to avoid either of those positions, you could still be involved in the probate process as a beneficiary, heir, or creditor of an estate. If you somehow manage to make it through life without finding yourself in any of … [Read more...] about What Do I Need to Know About Probate?

When a family member or loved one dies a period of grieving follows, during which time most people focus on their memories of the deceased and the life they shared with him or her. If, however, you were named by the decedent as the Executor of his/her estate you may have to put aside your emotions and delay your grieving process, to a certain extent, because you will need to focus on the practical and legal aspects of the decedent’s death. If you have never been through the probate process … [Read more...] about Do I Need a Probate Attorney If I Was Named as the Executor of an Estate?

The probate process can get a bad rap. This is the legal process of estate administration, and it comes into play if you die while you are in direct possession of your personal property. If you pass away with no estate planning documents at all, the probate court would supervise the administration of your estate. This process would also enter the picture if you use a will to state your final wishes regarding the distribution of your personally held property. It is true that there can be … [Read more...] about Is Probate Always a Problem?

Is Minnesota Probate Always Required from Raymond German The beneficiary cannot access the account while you are living After your death, the beneficiary would assume ownership of the account outside of the probate process, Learn more about Minnesota Probate Always Required in this presentation. … [Read more...] about Is Minnesota Probate Always Required

When you take a surface look at the subject of estate planning, you may read about the legal process of probate and come away with the idea that every postmortem asset transfer is subject to the probate process. In fact, this is not the case. Even if you are not intentionally trying to avoid probate, the probate process does not come into play under some circumstances. Insurance Policies You may have insurance policies on your life to protect your loved ones. When you take out a life … [Read more...] about Is Every Asset Transfer Subject to the Probate Process?

During probate, there are various different expenses that will typically pile up, and these expenditures ultimately reduce the amount of the inheritances that will be received by the heirs. Right off the bat there will be a filing fee with the court, and the executor will be putting in a lot of time and effort, so he or she is entitled to remuneration. Since probate is a legal process, a probate attorney will often be retained, and this is another expense. Topics covered in this report … [Read more...] about Free Report: What are North Dakota Drawbacks of Probate?

The process of probate can come into play when you are in direct possession of property at the time of your passing. If you had no estate planning documents at all, the probate court would use intestate succession laws to determine how your probate property should be distributed. You should also be aware of the fact that a last will must be admitted to probate. If you decide to use a last will as your vehicle of asset transfer, the probate court would supervise the administration of the … [Read more...] about Why Would I Want to Avoid Probate?

What Are the Drawbacks of Probate in Minnesota from Raymond German Probate opens a window of opportunity for disgruntled individuals who may want to challenge the estate. Learn more about drawbacks of probate in Minnesota in this presentation. … [Read more...] about What are the Drawbacks of Probate in Minnesota?

The executor or personal representative must first admit the will to probate. The probate court supervises the estate. After probate has run its course, the heirs receive their inheritances. Topics covered in this report include: Affidavits and Simplified Probate Payable on Death Accounts Proceeds from Insurance Policies Joint Tenancy Revocable Living Trusts Click here to read the whole article or download the PDF. … [Read more...] about Free Report: Is Probate Always Required in North Dakota?