Living trusts can help you to avoid the probate process. When you create living trusts, assets that are held within the trust will not need to transfer through the probate process. Instead, the trust assets will be able to transfer through the trust administration process. The trust administration process is a quicker process that does not require the oversight of a probate court judge; no judge becomes involved unless there is a problem. Trust administration makes the process of transferring … [Read more...] about Can living trusts help you to avoid probate?
You should be represented by a Burlington probate attorney for both small and large estates. An attorney can help you to understand if you must go through the full probate process after a death and can guide you through successfully fulfilling any and all legal requirements for the transfer of assets to new owners. … [Read more...] about Do you need a Burlington probate attorney for small estates?
There are many reasons why you might want to avoid Vermont probate. The process can cost a significant amount of money, thereby reducing the value of an inheritance. The process can take a long time, leaving heirs or beneficiaries without funds they may need if they were counting on an inheritance. The process can also result in a will being contested and the deceased’s wishes not being respected- which is much less likely to happen with other methods of transferring property such as creating a … [Read more...] about Why would you want to avoid Vermont probate?
The executor of an estate is responsible for filing court paperwork, seeing the will through the probate process, managing the assets of the deceased person, and facilitating the transfer of the assets to new owners. The executor of an estate has a lot of responsibility and has a fiduciary duty to act in the best interest of heirs or beneficiaries and not to enrich himself. If you fail in your duties as an executor, you could potentially be removed by the court from the job of executor. In … [Read more...] about What if I fail in my executor duties?
process of probating a will also involves taking steps in the probate court to determine who exactly should inherit what property, as well as what taxes should be assessed on an estate. The executor of an estate oversees the probate process and files appropriate paperwork with the court. The executor of an estate also takes responsibility for managing probate assets during the probate process and for facilitating the transfer of those assets to the new owners according to the instructions the … [Read more...] about What does it mean to probate a will?
Probate is a process that is designed to wind up the affairs of a deceased person and to facilitate the orderly transfer of a person’s assets after an individual passes away. When someone dies, either intestacy law or that person’s last will and testament will determine who inherits assets. A process must occur in which a will is validated or in which heirs are identified so the right people can inherit. There must also be a chance for creditors to make claims, for an estate to be valued, and … [Read more...] about What is probate?