You may equate estate planning with the creation of a last will. There is a widely held belief about a will. Many people think that assets can be transferred to the people named in the will immediately after the passing of the testator. In truth, if you use a last will as your asset transfer vehicle, the will would be admitted to probate. The heirs could not receive their inheritances until after the estate was probated and closed by the court. Estate Administration Probate can be defined … [Read more...] about Can a Probate Lawyer Avoid the Process?
There is a legal process called probate that can come into play when you pass away while you are in direct personal possession of property. The property would become probate property immediately after your passing, and it could not be distributed to the heirs until the estate was probated and closed by the court. This is true if you had no estate planning documents at all, and even if you have a last will, the will would be admitted to probate, and the estate administration would be supervised … [Read more...] about Dissecting the Probate Process
Having a well thought out estate plan in place is crucial to protecting your, your assets, and your loved ones both now and in the future. If you are new to estate planning, the entire concept may be a bit intimidating at first given how much there is to learn and the sheer number of decisions that need to be made. Your California estate planning attorney can help ensure that you make the right decisions for you and your loved ones within your plan; however, it may also be helpful for you to … [Read more...] about Five Things You Need to Know about Wills and Probate
Understanding the judicial system can be challenging for anyone who does not work in the system. Navigating the judicial system can be downright intimidating – particularly when the system is as large as the one in Los Angeles, California. While the average person can easily go an entire lifetime without the need to understand or navigate most courts within the judicial system, probate court is an exception to that general rule. There is a good chance that you will find yourself involved in a … [Read more...] about What Type of Cases Are Handled in Los Angeles Probate Court?
If you discuss your estate planning options with a probate lawyer, you may come to the conclusion that you would like to implement probate avoidance strategies. Why would you want to avoid probate? Let's look at the answers to this question. Estate Administration You may assume that you should use a last will to transfer assets to your loved ones because your situation is not that complicated. In the will, you name an executor or personal representative. This is the individual who handles the … [Read more...] about Discuss Your Options With a Probate Lawyer
If you want to plan your estate in an informed manner, you should certainly understand the probate process. A Los Angeles probate lawyer can provide you with the information that you need. Let's look at the facts. Los Angeles Probate Lawyer Picture a fictional scene that takes place after someone dies. There is a home gathering after the funeral, and people are somberly milling about. One by one certain individuals are called into a study. Someone is sitting at the desk, and the attendees are … [Read more...] about What Is the Role of a Los Angeles Probate Lawyer?
Probate can be succinctly defined as the legal process of estate administration. It can enter the picture when property is being transferred, but it can be avoided. Why would you want to avoid probate? The process can be expensive, it is time-consuming, and it is a public proceeding that allows anyone who is interested to find out how you planned your estate. There are various different ways assets can be transferred outside of probate. The best course of action will vary depending on the … [Read more...] about Can Probate Be Avoided in California?
Is California Probate Always Required from Collins Law Group If you are in direct personal possession of property when you pass away, the property would become probate property. Learn more about California probate in this presentation. … [Read more...] about Is California Probate Always Required?
Though probate is a legal hurdle that you should be aware of when you are devising your estate plan, there are certain types of property transfers that take place outside of probate, even if you are not necessarily trying to avoid it. Let's look at some of these scenarios. … [Read more...] about Free Report: Is Probate Always Required?
Estate matters are handled by the probate court. If you use a last will to state your final wishes, the probate court would supervise the administration of the estate. Probate would also be a factor for you pass away with no estate planning documents at all. Contrary to popular belief, because of the existence of probate, a last will may not be the most cost-effective estate planning device. There are quite a few different costs that will accumulate during the probate process. The court … [Read more...] about What Is the Cost of Probate?