The executor of a will must follow the directions contained in the will unless the will gives specific discretion to the executor. If the executor of a will does not act in accordance with the terms o...
Massachusetts probate courts handle the legal distribution of a person's assets (known as their 'estate') after death. If you're the legal heir to the estate of a recently deceased Massachusetts resid...
When a family member dies, there's more to attend to than funeral arrangements. New Jersey probate laws govern the collection and distribution of a decedent's assets (called their “estate”) to hei...
When there is a will, the deceased will usually have named or nominated a personal representative and possibly alternate personal representatives. The personal representative named in a will is not ob...
The time it takes to probate an estate depends on how complicated the estate is, including whether or not the deceased left things in order. If the deceased left piles of papers to be filed and a pape...
If there is no will, probate is usually required in each state where the real property is situated, in addition to the home state. Each state has its own unique pattern for distributing property when ...
There are specific tasks that an executor must do to successfully complete the probate process of a will: collect the assets of the deceased, notify creditors, insurance companies, and public agencies...
Federal and state taxes are important factors to consider when going through probate court, or in any stage of the estate planning process. Taxes are so important that even the idea of an estate exist...
You still owe the debt to that individual's estate. The obligation to repay a debt does not die with the creditor; if it did the debt would be a gift to the borrower, and that is not the case. The ass...
Probate law deals with the administration and distribution of the personal assets and estate of an individual after death. If you are legal heir to the estate of a recently deceased Washington residen...
Intervivos trusts are trusts created while you are still alive. There are many types of intervivos trusts, which avoid probate court and some of which can even help you reduce and avoid estate taxes. ...
An irrevocable trust is one that can not be changed or terminated after it has been established. The person creating the trust no longer has rights in use of funds or assets of the trust. Irrevocable ...
These two terms refer to a written document that sets forth the terms and conditions of the trust. The differences between them are largely matters of style and local practice....
If you have a disabled relative or close friend, there is some important information you should have regarding Special Needs Trusts....
Many different types of resources can be used to fund a Special Needs Trust and there are strict rules regarding the wording of Special Needs Trusts that have to do with how the money may and may not ...
Who should have a trust?...
There are many different types of trusts available when you plan your estate. Use the information in this article to get a basic understanding of your options before you form a trust....
A trust is a legally created entity designed for the protection, growth, and distribution of assets. There are three different roles in a trust, with nearly endless combinations of trust parties. A tr...
How long it takes to settle a trust after the creator or grantor dies depends on what needs to be done. It usually takes a few months, but it could take much longer. If the trustee has to value and se...
If you want your property to go to certain individuals or groups after your death, (relatives, friends, charitable organizations), it is very important to make a Will. Without a Will, you are said to...
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