As we mentioned in previous articles, estate planning is the process of accumulating and disposing wealth before the death of an individual or estate owner including married couples. The most important goal of estate planning is to make sure that the greatest amount of the estate passes to the estate owner’s intended beneficiaries while paying [...]

Let’s face it. Your alive now and one day you’ll die. You will likely own stuff when you die, and all of your stuff is called your “assets.” Assets have value, and at your death, those assets need to be given to someone who is still alive…unlike you.
Your assets are also known as your “estate.” [...]

Testamentary freedom is the ability of an individual in a society to decide what will happen to their property after death by means of a will or testament . A will is a declaration of the maker’s (testator) intention in relation to matters which the testator wishes to take place on his or her death [...]

When someone near to us dies its understandable that emotions may run high for some time. And as a result it’s likely that some important actions may not be carried out immediately. Unfortunately this is exactly the time when many legal, tax and administrative matters actually need to be addressed.
Some of these immediate priorities may [...]

Probate court is the office where all probate issues are handled. The probate court handles all matters of probate, right from admitting the petition for probate until issuing the order for transfer of property to heirs and beneficiaries.
In most states probate courts function exclusively. [In some states such as Massachusetts, Probate and Family Courts function [...]

The procedures in an Estate Administration may take from seven months to several years, and a client

Wills probate refers to the legal process used to appraise property values and distribute assets belonging to a person who has died. Decedents can designate beneficiaries, establish guardianship for minor children, and appoint an estate administrator to manage their estate through the execution of a Last Will and Testament.
The administrator of wills probate shoulders numerous [...]

The legal process of the distributing of the estate of a deceased individual is known as probate. Probate is often a time-consuming and confusing process for those who are involved. Most people lack a knowledge of the probate process because of inexperience with the process.
While probate is rarely easy, an adequate knowledge and understanding of [...]

Thinking about Estate Planning can be very much like looking into a deep pit

Joint Accocunts are a good option for those individuals who want or need more than one person authorized to use a bank account. Generally speaking, when you open a new checking or savings account at a bank or credit union your name will appear on the account and only your name will appear on [...]

Many believe mistakenly that only affluent individuals should be concerned with leaving wills. If you care for your family and dependents, leaving your will or testament shall ensure that theyll be taken care of even after your death. Whatever money, assets and benefits you will leave behind shall go directly to the persons you care [...]

Oregon offers a short probate process for “small estates.” This makes far simpler for the survivors to transfer assets and property, left by a deceased family member.
Oregon Simplified Probate Procedures for Small Estates.
You can use the simplified small estate process in Oregon if the fair market value of the estate at or

While probate is rarely easy, a sufficient knowledge and understanding of the process can reduce stress and increase your confidence that everything is done correctly. Anyone who is involved in the probate should understand the following:
1 - In cases where a valid will exists, the individual’s name on the will as executor is responsible to [...]

A probate personal representative refers to the person responsible for overseeing administration of a probate estate. Probate is the legal process used to validate a deceased person’s Last Will and Testament and ensure named beneficiaries receive intended inheritance assets.
The role of probate personal representative encompasses many duties. Individuals designated to this position should possess strong [...]

In most states, when a person dies, it is the duty of the court to “prove” the will and approve the final distribution of the assets of the estate in accordance with the laws and final wishes of the decedent. This process is called probate.
The court must ensure that debts and taxes associated with the [...]

Being the recipient of inheritance money can improve your financial well-being or drastically alter your life - as long as you manage it wisely. It is not uncommon for beneficiaries to engage in spending sprees when they receive a cash windfall. For some, it is reaction caused by grief. For others, it is caused by [...]

Probate is a legal process that occurs after a person passes away. It involves the transfer of the assets of the deceased to the beneficiaries and creditors. If there is a will and it names an executor, the executor will be responsible for seeing that the terms are carried out throughout the probate process. The [...]

The probate process begins when a person dies and can continue for months or years. The first step of probate involves submitting an original copy of the decedent’s death certificate to the probate court. If the decedent died intestate (without a Will); an estate executor must be appointed to initiate the probate process.
The initial phase [...]

In short, probate is the transfer of person’s assets after they die.