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For Estate Planning, Estate Administration And Disputes
If a loved one dies without a will, the estate will go through a process called administration. The court will step in to handle important aspects, such as appointing someone to be in charge of distributing assets. You can file for administration if you are the...
If your close family member lives in another country, you may become that person's legal beneficiary under foreign law. Understanding your rights and legal obligations when you inherit foreign real estate can eliminate costly liabilities. Transfer Requirements Most...
If you are the executor of an estate, there is a lot to navigate when it comes to the probate process. There are assets, both physical and intangible, you must attend to as stipulated in a will. Finding who to divide the estate between complicates the process...
A part of planning your estate is choosing a person, perhaps a family member, to be the executor of your estate following your death. Whoever will be your executor will receive an appointment from a New York court. However, your beneficiaries must have their say...
For many people, the term estate planning refers to a somewhat vague concept that deals with individuals who have great wealth. In reality, though, estate planning benefits nearly all families and refers to the precise legal administration of a person's assets in life...
An estate plan can help you prepare your affairs and give you a place to provide instructions for your surviving family members. Seeing that your plan unfolds the way you intend will require some help. Carefully selecting your estate plan participants can give you...
Putting together your estate plan can help you protect your interests and make your wishes known regarding your assets. But many people have yet to take this important life step. According to a survey conducted by Caring.com, only 4 out of 10 people in the U.S. have...
Regardless of your age or financial status, you must have a solid, legally binding estate plan in place. According to Kiplinger, it is equally important to avoid certain estate planning mistakes when making decisions. Keep in mind, your estate plan not only protects...
Planning for end-of-life care and emergency medical procedures can be difficult. After all, when a person is healthy, serious illnesses and injuries can seem like abstract concepts. Still, creating a living will is one of the more effective ways to maintain control...
Having a comprehensive estate plan is crucial. Wills and other estate planning tools ensure your heirs receive your assets after you are gone. They can also help you minimize taxes when developed strategically. While it is crucial that you have an estate plan in...