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Probate can be defined as the court-supervised procedure of validating the will of a person who is no more. The process involves identifying the final
Have you ever thought who would pay the pending debts of a deceased? This question must have been a bouncer for you but it has
Probate is a legal process used for administering an estate of a person who is deceased. This particular process takes care of all the distribution
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Probate is a legal procedure administered by a court. Where it gathers and distributes a decedent asset between beneficiaries and lenders. The process starts by
Estate planning in New York involves preparing to manage and distribute a person’s assets after death. This process is crucial for ensuring that assets are
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Love is a powerful force, and It drives us towards weird decisions. Creating a will is such a decision. Sometimes a will is not created.
When someone passes away, their inheritances and estate become liable for taxation theoretically. However, in reality, most of the estates are quite small to subject
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The executor has an important role to play in the probate procedure. First of all, he or she is the person responsible for implementing the
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While drafting a will, an individual needs to name an executor in the will who will act on behalf of him/her after his/her death, the
Everybody owns some estate, which they want to get transferred to their loved ones after their death. The estate of the deceased gets transferred to
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Both probate and administrative proceedings play crucial roles in handling an estate after the owner’s passing. The probate process is followed when the deceased has
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An individual is always on the lookout for options to manage their assets effectively. Whether it involves avoiding unnecessary taxation or passing down assets to
Probate is a procedure which is carried out when a person dies and their last Will (considering they drawed it in advance) is processed. Probate
The trustee is the person who has the authority to manage and handle one’s estate after he/she dies. They are responsible for taking care of
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An executor represents a dead person personally. They are the most important person throughout the probate process. They are responsible for managing and distributing the