How Much Does an Estate Have to Be Worth to Go to Probate?
Probate is a court-supervised process by which a person’s last will and testament are validated or “proven.” Once probated, debts of the estate can be paid and assets can be distributed to heirs. Because of the time and expense that are necessarily involved in probating an estate, many interested individuals (particularly heirs)...
Key Questions To Ask When Determining If You Need A Probate Attorney
When the death of a loved one occurs, it is overwhelming from an emotional perspective. And then come the potential issues of sorting out the person’s estate as well at that point. When dealing with the estate of a deceased person in the Tampa area, deciding whether you need a probate attorney...
How do Inheritance Taxes Differ from Estate Taxes?
Inheritance taxes and estate taxes are two distinct methods of taxation that are confused due to their common objective of collecting revenue upon the transfer of wealth. While both forms of taxation are related to the transmission of assets from one generation to the next, they differ in significant ways, including...
What is Summary Administration?
What Causes Delays in Probate Proceedings?
Following in the wake of a loved one’s death, probate is an often dreaded process. The court supervised process of administering and distributing a person’s estate, probate is notoriously complicated, as well as time-consuming and expensive. Beneficiaries of the estate must wait until the personal representative of the estate has managed and inventoried...
What Goes on During Probate?
Have you heard of probate? It is the court-supervised process that involves the gathering, management, and distribution of a deceased individual’s assets. As you may have heard that many people look for ways to try and avoid probate because it has come to be known as costly and time consuming, you may be...
What Is Trust Administration?
If you have established an estate plan, been involved in the probate process, or started researching either of these things, you have probably heard of estate administration. Fewer people, however, have heard of trust administration. It is, however, an important thing to be aware of. This is especially true considering there is a common...