When a person with measurable assets dies, someone will need to be appointed as a personal representative to settle the decedent's estate. This process called "probate" involves collecting assets, paying debts and taxes, and distributing the remaining assets according...
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Year: 2013
Probate Disputes Explained
The settling of an estate of a deceased person is a process which involves winding up the financial affairs of the decedent, collecting assets, paying debts and taxes, and distributing the remaining assets according to the directions set forth in a will, or in the...
The Purpose of Avoiding Probate
When someone dies with a will, their will is admitted to what is called "probate." Probate is the court-supervised legal procedure where a will is proven to be valid, the decedent's debts and claims against the estate are paid off, and lastly, the remaining assets are...
Asset Protection: Shielding Assets from Threats
Unfortunately, there are individuals out there who abuse the legal system to deprive others of their life's work. In this highly litigious society, millions of people file lawsuits against physicians, attorneys, entrepreneurs, corporations and wealthy individuals for...