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
Put simply, probate refers to a process for handling and dispensing property of deceased persons. The process can often involve the lack of a will or key stipulations in a will. And in light of that, the probate process with probate court comes into play. The probate process explained, in effect, means the estate must go directly through legal hurdles and channels for its handling and settling. If any beneficiaries are included in the will, the probate process includes dealing… Read more
When a probate property matter comes up, many of us find ourselves unprepared to meet the new challenges. Suddenly, we find ourselves placed in the position of Executor, Administrator, or Trustee. At the same time, we lack much of the know how needed. In fact, we need to get a handle on what typically amounts to a major, sometimes bewildering process, before it gets the better of us. As a result, what can sellers do to prepare for probate? It… Read more
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