When someone dies, we often hear people referring to “getting probate”. An application for a grant of probate refers to the process of formally proving a deceased person’s will is valid. Once granted, an executor is formally authorized to act on behalf of a deceased person’s estate, including distributing the net assets to beneficiaries. Then […]
Read More...Adding children’s names to property titles may add complication instead of smoothing the way on your death. Adding children can sometimes trigger unanticipated tax consequences; for example, as presumably this property would not be your children’s principal residence, unintended capital gains could be assessed. Adding more owners now could also create obstacles to your own […]
Read More...There seem to be two common types of do-it-yourself wills out there and both require the maker, or testator, to sign the document. The first is created using a will kit and contains a template. This one requires two witnesses to sign the will, in the testator’s presence, after the testator has signed it. The […]
Read More...When someone dies, we often hear people referring to “getting probate.” An application for letters probate from the court refers to the process of formally proving a deceased person’s will is valid. An executor is then authorized to act on behalf of a deceased person’s estate, including distributing the net assets to beneficiaries. Once done, […]
Read More...When someone dies, we often hear people referring to “getting probate.” An application for letters probate from the court refers to the process of formally proving a deceased person’s will is valid. An executor is then authorized to act on behalf of a deceased person’s estate, including distributing the net assets to beneficiaries. At that […]
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