What Is Intestacy from Barry D Horowitz The probate court would supervise the administration of the intestate estate. A personal representative would be appointed to handle the estate administration tasks. Intestate Succession Laws After outstanding debts are paid, the intestate estate would be distributed using intestate succession laws. Learn more about What is intestacy in this presentation. [ ] The post What Is Intestacy appeared first on Nirenstein, Horowitz & Associates P.C..
Probate and the Role of the Executor from Barry D Horowitz During the probate process, the probate court supervises the administration of the estate. The individual who is charged with handling the business of the estate is called the executor. You can nominate an executor when you create your last will. Learn more about probate and [ ] The post Probate and the Role of the Executor appeared first on Nirenstein, Horowitz & Associates P.C..
Estate planning is going to involve a number of things that are rather self-evident. Clearly, you must facilitate the transfer of your monetary resources to your loved ones. This is typically going to be accomplished through the utilization of a last will or some type of trust. Executing legally binding documents is certainly part of [ ] The post What Are the Duties of an Executor of a Will? appeared first on Nirenstein, Horowitz & Associates P.C..
A grantor retained annuity trust is an irrevocable trust that could be part of your tax efficiency strategy if you are a high net worth individual who is exposed to the federal estate tax. Before we get into the details, we have to provide some background information about the estate tax so that you can [ ] The post This Irrevocable Trust Can Provide Estate Tax Efficiency appeared first on Nirenstein, Horowitz & Associates P.C..
When research into the subject is conducted, the results indicate that the majority of Americans have not executed all of the necessary estate planning documents. Why do so many people go through life without an estate plan? Some people simply feel as though it is not important for most of their lives, because wills and [ ] The post Wills and Estate Plans: Clearing Up a Misconception appeared first on Nirenstein, Horowitz & Associates P.C..
A probate law firm can provide valuable assistance when you get serious about your estate planning efforts. You probably think about the execution of a document like a will or a trust when you think about the subject of estate planning, but estate administration is also an important facet to take into consideration. The probate [ ] The post Develop a Relationship With a Probate Law Firm appeared first on Nirenstein, Horowitz & Associates P.C..
A last will is considered by many people to be the estate planning tool of choice for people who are not very wealthy. In fact, this is not necessarily the case. You have limitations when you use a will. Lump sum distributions would be distributed to the heirs, and this can be a source of [ ] The post Wills vs.Trusts: Understand the Distinctions appeared first on Nirenstein, Horowitz & Associates P.C..