When a death occurs, it may be necessary to probate a will. Although most people have heard the phrase probate a will, not everyone who is forced to cope with a death of a loved one actually knows what it means to go through the probate process. The process of probating a will can be [ ] The post What Does it Mean to Probate a Will? appeared first on Nirenstein, Horowitz & Associates P.C..
Just about everyone has heard of the basic estate planning document called a will or last will and testament. This is a document that you can use to record your final wishes with regard to the distribution of your monetary resources. Before we look into the other types of wills that are used in the field of estate planning, we should point out the fact that a will is not always the best choice. There are various different trusts that can be used, and in many cases, a trust of some kind would be a better option. The ideal tool will depend upon the circumstances. If you discuss all of your options with a licensed estate planning attorney, you can go forward in a fully informed manner and ultimately create a custom crafted estate plan that ideally suits your needs. Now let s look at some of the other wills that are often utilized. Living Wills There is another type of will called a living will. This document has nothing to do with financial matters. You state your preferences regarding t
You have probably heard of the estate planning document called a last will or last will and testament. Though this document can seem like a simple device to execute, you should understand the fact that the process of estate administration does not take place in a vacuum. Someone has to administer the estate after you pass away. This person is called the executor or estate representative. The executor handles the business of the estate, but the administration of the estate is supervised by the probate court. After you die, the will must be admitted to probate, and this process must run its course before the heirs to the estate can receive their inheritances. During probate there is a proving of the will. The court examines the will to determine its validity. This process can be more expedient if the will is a self-proving will. In the state of Connecticut, in order for a will to be valid, it must be signed in the presence of two witnesses who are competent adults. It could potentially