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Estate Planning

What is the seven year rule in inheritance tax in estate planning attorney?

An inheritance tax (IHT) is imposed on property that has been gifted or inherited. Even though IHT is charged upon death, it may also be

Estate Planning

State the basics of estate planning

Creating an estate plan entails deciding who will ultimately inherit your possessions. If you cannot manage your affairs independently for any reason, thus also specify

Estate Planning

Who has the power of attorney if there is no will? How can an estate planning lawyer help a person in this case?

What happens in the absence of a will? Even if your loved one hadn’t left a will, their assets still need to pass through the

Estate Planning

Stepchildren and their rights for a probate

Probate is the judicial process whereby proving a will in a court of law. First, there is acceptance of the choice as a legitimate public

Estate Planning

How do probate courts work?

Most estates must go through the legal procedure of probate in court after the estate owner’s death. Probate is a lawful procedure that handles the

Estate Planning

Is a will better than a trust? What can estate planning do?

A person’s estate comprises all their belongings and assets, such as real estate, buildings, gold, stocks, mutual fund investments, life insurance policies, money, bank accounts,

Estate Planning

What does an estate planning attorney do?

The security of both assets or property and your family is essential. This estate plan can help you with a smooth estate plan. So, let

Estate Planning

What is the role of an executor in estate planning?

An executor is an individual who administers an estate. They are responsible for settling the estate, paying debts, and dividing it among beneficiaries. In addition,

Estate Planning

Pros & Cons of Revocable Trust

Estate plans are very different and vary based on the individuals who make them. When making an estate plan, every person is different and so

Estate Planning

What does your estate planning lawyer need to know?

There are several questions to consider when writing a will. It would not be easy to anticipate every inquiry an estate planning lawyer needs to

Estate Planning

Is probate always required for real estate?

Probate is the legal process necessary to deal with one’s property, assets, money, and any other last wish after death. Executors issue the probate of

Estate Planning

When should you start estate planning?

Have you made an estate plan yet? Is the right time for estate planning and creating a fund or trust? Do you want to secure

Estate Planning

When does estate planning not work?

The majority of estate planning errors typically fit into one of several categories. Every estate plan has different aspects, but the same issues and mistakes

Estate Planning

Estate Planning for Children

Being parents has always been a tough job. Taking care of your children and making sure that they are safe, has always been the primary

Estate Planning

What does a probate attorney do when there is trust involved?

What is Trust? A trust is a legal arrangement governing the transfer of assets from an owner known as the grantor or trustee. They set

Estate Planning

What document does one need for estate planning?

What is Estate planning? A person’s estate refers to all the property or assets owned by a person. These include real estate, cash, investments, vehicles,

Estate Planning

How much does a probate attorney charge

Introduction There are generally two types of probate. The first is the probate of a will. The second is a proceeding to administer the estate

Estate Planning

What is trust?

In a trust, the trustor, or first party, gives the trustee the power to hold title to assets for the benefit of the beneficiary, or

Estate Planning

How does a probate lawyer deal with someone’s will when they die?

From identifying the assets of the estate and beneficiaries to disbursing the identified assets and inheritances, probate lawyers ensure that everything functions explicitly as per

Estate Planning

How do probate laws work?

A probate session helps get a deceased person’s will to the rightful owner. A probate court, which has the legal authority to resolve issues relating

Estate Planning

How does estate planning help if you become incapacitated?

Think about how helpless it would feel to be unable to make your own decisions, especially if you didn’t prepare for the worst-case scenario. In

Estate Planning

Is will a part of estate planning?

What is Estate planning? Estate planning is deciding who will get your assets, estate, and personal belongings upon death. This includes planning how much of

Estate Planning

What are the objectives of Estate planning?

Everyone should consider estate planning sooner or later because it is the only way to guarantee that your end-of-life wishes should be carried out. Everyone

Estate Planning

How can an estate planning attorney help to create a living trust?

Estate planning is frequently postponed until it is too late. They might believe it’s only for affluent people, think it’s complicated, or find it challenging

Estate Planning

What assets cannot become a part of a probate estate?

Early estate planning is a proactive step one has to take. The step is to lessen the burden the loved ones will experience when handling

Estate Planning

During an estate planning lawyer process can a trustee withdraw money from trust account?

It is important to note that the beneficiary of the trust may not be happy with the money withdrawn from the trust account, and do

Estate Planning

Things a person should know while opting for estate planning?

Real estate planning goes beyond making the will. Careful planning means collecting all your assets and ensuring they will transfer to the person or organization

Estate Planning

Estate Planning for Pets: Why it is important?

Estate planning is something that is required for the safety and happiness of our family. Reports have suggested that estate planning doesn’t just secure your