The probate process can be taxing, especially if there are multiple assets to go through during the estate’s administration. Aside from the lengthy proceedings, probate is also costly. Fortunately, some assets skip the probate process due to their nature, which allows...
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Month: July 2023
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What can happen to my estate if I die without a will?
When a person dies, their family members could rely on their estate plan to determine what to do with their assets. Ideally, they could settle matters based on the deceased's wishes. However, some people could pass on without a will. In this instance, local intestacy...
An overview of will and trusts
Many people know that there are two types of estate planning tools, called a will and trust, but they may not know the differences between them. Will overview and benefits A will is a legal document that addresses how a person wants their assets to be distributed...