Many people do not know what differentiates a probate from a trust property. They may often think both are much the same thing. But truth be told, the only main thing they have in common is the handling of someone’s property upon their passing. And, the difference between probate and trust processes becomes clear beyond that. In fact with probate, lack of a will or key will stipulation gets typically involved. As a result, the steps that follow would involve… Read more
An Administrator or Executor amounts to basically the same position. They are someone who is designated to carry out the terms of an estate plan, upon the death of the estate owner. The deceased names that person in their will. Or if no will exists, someone still must carry out those duties. In effect, an Administrator. And, both assignments simply become a personal representative for the proper overseeing and settling of the probate or trust process. In fact, Administrator and… Read more
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