Amazines Free Article Archive
www.amazines.com - Friday, December 02, 2022
Read about the most recent changes and happenings at Amazines.com
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Google
Subscriptions Manage Ezines
CATEGORIES
 Article Archive
 Advertising (133534)
 Advice (161589)
 Affiliate Programs (34788)
 Art and Culture (73844)
 Automotive (145688)
 Blogs (75485)
 Boating (9851)
 Books (17221)
 Buddhism (4129)
 Business (1330234)
 Business News (426438)
 Business Opportunities (366495)
 Camping (10971)
 Career (72788)
 Christianity (15846)
 Collecting (11639)
 Communication (115082)
 Computers (241935)
 Construction (38959)
 Consumer (49948)
 Cooking (17080)
 Copywriting (6732)
 Crafts (18205)
 Cuisine (7549)
 Current Affairs (20308)
 Dating (45904)
 EBooks (19702)
 E-Commerce (48250)
 Education (185434)
 Electronics (83519)
 Email (6439)
 Entertainment (159838)
 Environment (28927)
 Ezine (3040)
 Ezine Publishing (5452)
 Ezine Sites (1550)
 Family & Parenting (110963)
 Fashion & Cosmetics (196564)
 Female Entrepreneurs (11852)
 Feng Shui (133)
 Finance & Investment (310585)
 Fitness (106443)
 Food & Beverages (63015)
 Free Web Resources (7939)
 Gambling (30227)
 Gardening (25194)
 Government (10513)
 Health (629962)
 Hinduism (2206)
 Hobbies (44080)
 Home Business (91593)
 Home Improvement (251164)
 Home Repair (46221)
 Humor (4718)
 Import - Export (5456)
 Insurance (45104)
 Interior Design (29600)
 International Property (3488)
 Internet (191021)
 Internet Marketing (146681)
 Investment (22859)
 Islam (1161)
 Judaism (1352)
 Law (80469)
 Link Popularity (4596)
 Manufacturing (20905)
 Marketing (99288)
 MLM (14140)
 Motivation (18233)
 Music (26999)
 New to the Internet (9497)
 Non-Profit Organizations (4048)
 Online Shopping (129730)
 Organizing (7810)
 Party Ideas (11854)
 Pets (38110)
 Poetry (2229)
 Press Release (12687)
 Public Speaking (5641)
 Publishing (7565)
 Quotes (2407)
 Real Estate (126628)
 Recreation & Leisure (95469)
 Relationships (87654)
 Research (16181)
 Sales (80347)
 Science & Technology (110283)
 Search Engines (23509)
 Self Improvement (153286)
 Seniors (6218)
 Sexuality (35999)
 Small Business (49294)
 Software (83019)
 Spiritual (23485)
 Sports (116152)
 Tax (7662)
 Telecommuting (34073)
 Travel & Tourism (308207)
 UK Property Investment (3122)
 Video Games (13382)
 Web Traffic (11774)
 Website Design (56909)
 Website Promotion (36644)
 World News (1000+)
 Writing (35840)
Author Spotlight
MARVELL LAWSON

Marvell Lawson is an author, professional speaker, and communication coach who works with individual...more
JIM TURNER

Jim Turner is a USA based author of Legal issues related to estate planning, will & trust , business...more
NOEL IRELAND

You will feel a different sort of happiness as you associate yourself with any animal, you will be a...more
MANMOHAN SINGH

Digital marketing professional with 8 years of experience. A good listner, Stratgist and fun loving ...more
GRAEME DIXON

About Octopus Intelligence We provide greater certainty with excellent global Commercial Compe...more


What Is The Probate And Who Needs it? by Jim Turner





What Is The Probate And Who Needs it? by
Article Posted: 11/21/2022
Article Views: 47
Articles Written: 52
Word Count: 1075
Article Votes: 0
AddThis Social Bookmark Button

What Is The Probate And Who Needs it?


 
Law,Education,Business
Probate is the process of dealing with the estate of someone who has passed away. It involves setting up a trust and probating the will to transfer ownership of property onto it.

If there are no issues with your will, probating it shouldn't be too difficult. Yet, if there are any disputes about how things should be done. Or where the money should go then probate may become necessary.

Here's everything you need to know about what happens when someone dies without leaving a will.

What Is The Probate?

Probate is the legal process of proving that a will is valid. It's a court process, and it can take up to six months or longer to complete.

When someone dies without a valid will in place, their property is distributed according to state law (and sometimes federal law).

You may be wondering: "Who needs probate?"

Well, everyone does! If you die without having made a will or trust for yourself or your family members' benefit and you did not leave any instructions about what should happen after death.

Then your estate will be administered by an executor named by the court from among its members until those matters are resolved.

If there are multiple heirs with competing claims on assets such as real estate holdings together worth several million dollars each, then no one gets everything when it comes time for distribution.

Why Deal With The Probate?

Probate is a legal process that transfers the assets of a deceased person to their beneficiaries. It's required before you can access these assets.

If you are the executor of an estate, you need to complete probate before distributing any property. Otherwise, only those with rights in the estate will be able to access it.

Can Wills Be Contested?

You can contest a will if it is not valid, or if it was not signed properly. If the will was not made by a mentally sound person, then it may also be contested.

If your family wants to contest the validity of your will, they may do so by presenting evidence that shows that you did not sign your written document (the "testament") in front of two witnesses who were present at the time and date indicated on the document.

They must also show that there wasn't enough time between when you signed over all assets to someone else and when they became dead.

That is if someone died within 2 months after signing over everything to another person who had already been living with them for 5 years before death occurred.

Keeping Costs Down

Professionals are paid a fixed fee for their services. So, it's important to find someone who will be able to complete the job promptly.

The cost of probate varies depending on the complexity of your estate and what has been included in your will or trust. Estate agents can help with this part of the process as well as help you sell the property if needed. They'll also help make sure everything goes through smoothly after all expenses have been paid out by heirs (if necessary).

Do I Need An Estate Agent To Sell My Property If It Goes Through Probate?

If you want to sell your property without the help of an estate agent, then you will need to appoint a trustee.

The trustee is someone who can sell your property on your behalf and distribute any money made from its sale back into their bank account or other legal entity.

If the property is held in a trust (which means it's owned by another person), then that person may also be able to sell it for you if they are given authority by law. However, this only works if there are no other owners of record.

So, if there are any co-owners still living or claiming rights over part of what's been left behind after death, they'll need to step forward before anything can happen with regard to keeping hold of those assets!

What Are Probate Delays?

A will is a legal document that states who you want to inherit your assets, and the way the funds should be divided up.

If you don't have a will, or if it isn't properly structured, then probate may be necessary to determine who gets what. Probate can take a long time if there are complex legal issues at play in your estate plan.

In some cases, probate can even take years as much as five years! This means that if you want to make sure that your loved ones receive something from your estate when they should get it (and avoid paying expensive fees), then having an effective estate plan has significant benefits beyond just saving money on taxes at death.

It also protects those left behind from spending unnecessary amounts of time dealing with their deceased relative's financial affairs after they're passing away.

Probate Can Be Avoided If The Will Is Correctly Structured And Sufficient Assets Are Placed Into Trusts If you want to avoid probate, it's important to remember that your will needs to be properly structured and sufficient assets need to be placed in trusts.

The first step is drafting a valid will with the help of a will attorney or other legal professionals.

Then you need to make sure that your estate plan includes all required elements such as a valid last name, age at death (if over 85), spouse(s) and children, address where the body can be found; funeral costs (if applicable); pets' names/descriptions, etc., as well as any other information relevant for making decisions about funeral arrangements after death.

Conclusion

We hope this article has helped you to understand probate and how it can be avoided. If you are worried about the return on your investment, don't be!

By planning and putting the right safeguards in place, you will be able to enjoy peace of mind knowing that your assets are protected from creditors or family members looking for an easy way out.

About The Author

Jim Turner is a USA-based author of Legal issues related to estate planning, will & trust, business law, and elder law. Jim Turner does his best writing on these topics last will and testament Michigan which helps users to find the best solutions to their FAQ on estate planning, contesting a will, living trust, and more about legal family issues.

The author can be reached through rochesterlawcenter.com

Related Articles - probate, estateplanning, will, trust, willattorney, probatelawyer,

Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.

 

Do you Agree or Disagree? Have a Comment? POST IT!

 Reader Opinions 
Submit your comments and they will be posted here.
Make this comment or to the Author only:
Name:
Email:
*Your email will NOT be posted. This is for administrative purposes only.
Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.
 
Please enter the code in the image:



 Author Login 
LOGIN
Register for Author Account

 

Advertiser Login

 

ADVERTISE HERE NOW!
   Limited Time $60 Offer!
   90  Days-1.5 Million Views  

 

Great Paranormal Romance


TIM FAY

After 60-plus years of living, I am just trying to pass down some of the information that I have lea...more
STEVERT MCKENZIE

Stevert Mckenzie, Travel Enthusiast. ...more
GENE MYERS

Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
MAX LIEW

I have a passion for graphics, photography, and website design. I worked as a graphic designer for a...more
WILLIAM BUCHANAN

William Buchanan has worked in the fields of marketing, advertising, and marketing research for almo...more
LAURA JEEVES

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
SUSAN FRIESEN

Susan Friesen, founder of the award-winning web development and digital marketing firm eVision Media...more
STEPHEN BYE

Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through the...more
ADRIAN JOELE

I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
ALEX BELSEY

I am the editor of QUAY Magazine, a B2B publication based in the South West of the UK. I am also the...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2022, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from wikipedia.org under the GNU FDL license