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Posts tagged "Probate"

What should I look for in an executor?

Your will provides instructions on how your estate should be handled after you're gone. You'll also need to choose an executor, who is a person responsible for handling many important duties, including dispersing assets to your heirs. Kiplinger offers the following tips to help you pick an executor who will protect your estate and ensure your family members are taken care of when the time comes. 

What does the probate process entail?

If you have just lost a close friend or family member, you may be dealing with many emotions. In addition to grieving the loss, you may be faced with distribution of your loved one's estate, including any property, possessions and assets he or she had. You may be faced with the need to open a probate estate in the Superior Court for the county where the decedent resided.  The process of finalizing the deceased's estate and distributing property to the beneficiaries named in the will or heirs if there is no will can be difficult during this hard time. The probate process is designed to organize this process and to ensure everything is handled properly.

Who gets what when one dies without a will?

As the initial sadness that often accompanies the death of a loved one begins to abate, new concerns may rise up amongst you and others impacted by their loss. One of them may be the distribution of their estate. Such concerns can easily be resolved provided that your family member or friend left behind a trust or will detailing their wishes, yet what if they did not? In such a case, it is said that they died "intestate." The state has established guidelines that specifically deal with intestate succession

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