What is the probate of a will?
Probate of Will The High court grants probate with the court seal and a copy of the Will attached. A statement of legal intent that
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Estate Planning
Do I Need an Estate Plan?
A lot of people are more interested in planning their vacation trips rather than estate planning. They think that estate planning is only for the
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How much money do you legally give as a gift to family members as per an estate planning lawyer?
Government gift tax Almost anything you own can be given as a gift. In addition, the IRS permits you to donate up to a specified
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How Estate Planning lawyer help to reduce the tax burden?
Estate planning lawyers are licensed legal professionals who specialize in the field of Estate planning and have a clear and thorough understanding of federal and
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What questions to be asked before hiring a Probate Attorney
A probate attorney is one of the most influential people you will need to contact when dealing with a loved one’s estate. The probate process
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What is the difference between a tax lawyer and a probate lawyer?
Probate is the judicial process whereby one proves a will in a court of law and accepts it as a valid public document. A probate
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How probate lawyer helps in Irrevocable Life Insurance Trusts
A group of national experts drafted and reviewed a set of model laws known as the Uniform Probate Code (also known as the UPC). Wills,
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Best Estate Planning Lawyers in Brooklyn: Why it is important?
Estate Planning is something that we often ignore because we don’t find it necessary. There is even, a survey which says that only 4 out
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How does a probate lawyer help in contesting a will?
No one likes to be out of their ancestors’ will. However, sometimes the person’s name is nowhere in the choice. Therefore, in those situations, there
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What types of assets cannot be placed in a trust?
Trusts are legal entities that will assume ownership of or own some assets after a specific triggering event. A trust involves information on how investments
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Difference between Probate Lawyer and Real-Estate Lawyer
The difference between a probate lawyer and a Real-Estate Lawyer can be made by thinking of it related to the before and after terms. Usually,
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What probate attorney do if estate theft took place before inventory?
An executor who does not report theft from an estate before inventory commits theft by stealing property from it before inventory is conducted. According to
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How long do banks take to release money after probate?
Several factors affect the time the banks take to release money from a deceased person’s account after the probate. For example, suppose a report of
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Can a bank release funds without probate?
Before diving deep into whether a bank can release funds without Probate, we first need to understand what Probate is. What is Probate? Probate is
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What are the three types of legal estate planning?
Estate planning is the preparation of an official document. It states who will handle and own an individual’s assets after death or incapacitation. It involves
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What are the elements of Estate Planning?
Estate planning is one of the most critical responsibilities that an individual has. What you do with your assets when you die is something you
Estate Planning
Difference between Estate Planning Lawyer and Probate Lawyer
A probate lawyer’s job is to ensure that any property goes to its rightful heir and avoid any dispute. However, an estate planning lawyer/attorney counsels
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When is Probate Necessary in New York?
One of the most common questions that people tend to have after the passing of a loved one is, do we need to probate the
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Probate with no Estate Tax
Probate Probation is known as a legal procedure. Under probate, the assets of the person who has passed away are evaluated and supervised. Along with
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How an Estate plan can help with financial power of attorney?
Estate planning The concept of estate planning refers to ensuring that the people and organizations you wish to leave your estate to do so in
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What Does an Estate Plan Include?
There is a common perception that estate planning only includes a will or a trust in someone’s or some organization’s name. But it is not
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Estate Planning for Pets: Why You Need To Do It?
It is certainly very hard to contemplate your very mortality and we completely understand it. But then there are some people who ensure that their
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What are the three ways estate planning can benefit a person
An Estate of a person includes everything he owns. From one’s home to vehicles, bank accounts, insurance, financial investments, properties, and other personal belongings. Who’ll
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As per an estate planning lawyer can one leave a house to their child?
What is estate planning? Estate planning is creating legal documents to ensure that your assets are distributed according to your wishes. Estate planning can take
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How to apply for probate?
What is a Probate? The Latin verb “probate” means to test or scrutinize, while the English word “probate” implies “to prove.” The executor of the
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How to choose an estate planning lawyer?
It can be challenging to find the best estate planning attorney. You might even feel tempted to put off dealing with your estate plan entirely.
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Questions asked before hiring an estate planning attorney
It’s understood below. Any lawyer may create a straightforward will for minor situations, such as naming the beneficiary of one’s 401(k). Still, experienced trust-and-estate lawyers
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What is trust?
In a trust, the trustor, or first party, gives the trustee the power to hold title to assets for the benefit of the beneficiary, or
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What should one include in a will as per an estate planning lawyer?
The legal document known as a will specifies what will happen to your possessions after death. If you pass away without making a will, a
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State the basics of estate planning
Creating an estate plan entails deciding who will ultimately inherit your possessions. If you cannot manage your affairs independently for any reason, thus also specify