The process of contesting a will involves challenging the validity of a last will and testament that has been created by a deceased person. The process occurs during probate and it can be a complicated one, but it could result in a will being declared invalid and not being probated. In the right circumstances, contesting [ ] The post Pros and Cons of Contesting a Will appeared first on Nirenstein, Horowitz & Associates P.C..
The probate process is the process by which the majority of property transfers after a death, unless estate planning steps have been taken to facilitate the transfer in other ways. Assets that transfer through the probate process may be subject to estate tax if the estate is a large one. It can also take several [ ] The post List of Probate Assets appeared first on Nirenstein, Horowitz & Associates P.C..
The Connecticut probate process is a formal legal process which takes place after most people pass away. There are ways to avoid having assets transfer through probate, such as by creating a comprehensive plan to transfer assets via other means such as trust administration and pay on death accounts. However, even if assets have transferred [ ] The post Myths about the Connecticut Probate Process appeared first on Nirenstein, Horowitz & Associates P.C..
Hartford probate is a process which must take place after most deaths. The process can be a complicated one, especially if there are questions about who should inherit or about whether a will is valid. The executor, if one was named, is going to be in charge of moving the estate through the probate process [ ] The post What are the Steps to Hartford Probate? appeared first on Nirenstein, Horowitz & Associates P.C..
Connecticut probate is a process by which a person s assets will be transferred following his or her death. The process is required in most situations, but it can sometimes be avoided through careful estate planning. As you are making your plans for what will happen after your death, you need to decide whether or not [ ] The post Why Would You Want to Avoid Connecticut Probate? appeared first on Nirenstein, Horowitz & Associates P.C..
The process of inheritance planning is not a cookie-cutter affair. Each person is in a different situation, and there are myriad different circumstances that can exist. This is why personalized attention is important when the estate planning process is underway. At the same time, there are certain basics that every estate plan will cover. Exactly how these necessities are addressed will vary, but the framework is widely applicable. In this post, we will look at the anatomy of an inheritance plan, and we also look at some specific circumstances that can call for specialized inheritance planning. Will or Trust The facilitation of postmortem asset transfers is at the core of the inheritance planning process. You have to make sure that assets get into the hands of your loved ones after you pass away, and there are different ways to go about it. Of course, there is the legal document called a last will or last will and testament. Everyone has heard of this document, and you can state your
Probate is a legal process that enters the picture if you have property in your sole and direct personal possession at the time of your death. During probate the probate court determines the validity of the will, and the court supervises the administration of the estate. Inheritances are not distributed until after the estate has been probated. The process provides certain protections, but the heirs to the estate may experience some negatives while the estate is being probated. One of them is the time factor. The process can run its course in a little bit less than a year under ideal circumstances. This can be a significant length of time when you are waiting for an inheritance. More complicated cases can take much longer. Cost is another consideration. There are a number of different expenses that can accumulate during the probate process. A third drawback is the loss of privacy. Anyone who wants to know how you distributed your assets can access probate records. Connecticut Probate