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Pets are members of the family for many Americans. So, it is natural to wonder what happens to them when you are no longer around. Unfortunately, estate planning often overlooks a pet’s well-being, and probate law does not offer the most heartwarming solutions....
A trustee is responsible for managing and distributing the assets within a trust according to the trust document's terms. The trustee has a fiduciary duty to act in the best interest of the beneficiaries. However, sometimes, it becomes necessary to appoint a new...
Writing a last will can be an effective way to provide for loved ones and distribute wealth after death. After a person passes on, an executor carries out their will. The individual who creates the will, also known as the testator, may appoint their own executor. If a...
Beneficiaries have several rights during probate, including the right to request information about the estate and the probate process. However, this right is generally limited to certain information about the estate and its administration. What information can they...
Emotions run high when a relative dies. However, amid this grieving period, the surviving family must navigate multiple legal and financial matters. Aside from distributing the deceased’s assets, they also need to settle their remaining debts. If you are the executor...
Managing an estate after a loved one passes away is a substantial responsibility. When the deceased person has left a will, an executor is chosen to handle the estate. The primary responsibility of the executor in this scenario is managing the deceased person's...
In California, executors or personal representatives wield considerable power but must act within the confines of an estate plan and the law. Straying from these guidelines may cause serious problems for the estate and its heirs. If the executor of your loved one’s...
When establishing a trust, you may need to make significant decisions concerning its details, including who will be the trustee. This role has various responsibilities crucial to how the trust works and what can happen to it in the future. For some people, choosing...
Probate is the legal process of distributing a person’s estate after death. A person’s estate will be distributed accordingly to their inheritors if they leave a will or trust. During probate, the designated representative must submit an inventory of the deceased’s...
In simple terms, an estate plan serves as your final instructions for how certain people would handle your finances and assets when you’re incapacitated or dead. Having an estate plan also helps streamline the probate process so that your assets are properly...