Tag Archives: Probate
Avoiding Probate
Avoiding Probate. Probate, which is the legal process of settling an individual’s estate at the time of death, was primarily set up to protect the interests of family members who have legal claims to the properties and assets of the … Continue reading
Living Trust and Probate
A living trust may allow a couple to effectively double the basic estate tax exemption ($1,000,000 in 2002, doubled to $2 million). For estates totaling over $2,000,000 this saves over $435,000 in death taxes. If you have a typical will … Continue reading
WHAT IS PROBATE?
WHAT IS PROBATE? Probate is a court-supervised transfer of your property to your heirs. Many people mistakenly think that having a Will avoids probate. The opposite is generally true. Having only a will almost guarantees that your assets will have … Continue reading
