Estate planning is the process of transferring your assets in advance of your death. Its main purpose is to protect your heirs and beneficiaries from tax burdens. State and federal tax laws are a primary concern when it comes to estate planning. Your estate is the total amount of property you own before you die, …
Continue reading “Probate – What is Probate and How Does it Work?”
Probate is simply the legal procedure utilized to ensure that an individual’s personal property and possessions are properly distributed upon his or her death. In a simple nutshell, the probate process is designed to make certain that debts owed to a deceased individual are properly paid; that someone is in control of distributing the deceased’s …
Continue reading “Probate- Facilitating Proper Distribution of Estate”