Estate planning is a major concern for the older generation, as you might expect, however, a survey found that 19 percent of people over 72 and 42 percent of those between 53 and 71 do not have an estate plan in place. Although managing these details can seem daunting, and
The American Bar Association (ABA) describes probate as the legal process that recognizes a will and names the personal representative (executor) to administer an estate to intended beneficiaries. Navigating the probate process will vary according to state law. Therefore, it is good to contact a probate lawyer to determine if
Probate is the process by which judicial officials, including probate judges, handle a deceased person’s will. While state probate laws may vary, the general process is quite similar across the country. Probate is the process of proving wills for decedents’. A probate judge will also oversee cases where the deceased
When it comes to digital assets, traditional estate planning elements are mostly obsolete. Crypto-assets may comprise significant individual wealth in the forms of cryptocurrencies like Bitcoin and noncurrency blockchain tokens. If you own any of these asset classes, addressing complex challenges to secure, transfer, protect and ultimately gift crypto-asset wealth
You must consider certain criteria when you need to select an executor for your estate, or accept the responsibility yourself as a representative of an estate. These include the complexity of the task and the order in which it should be completed. Beyond the emotional healing process when you
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