When a testator dies, the executor will take the will to probate. The probate court will follow certain procedures to confirm that the will and any other related documents are valid before officially appointing the executor. However, they may need to buy a probate...
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Year: 2023
2 reasons people decide to contest a will in probate court
The terms that someone adds to their will or broader estate plan can provide support for their dependent family members and allow for the transfer of their assets to others when they die. Most people are eager to uphold someone's stated wishes during estate...
Where should you keep your will?
After drafting your will, you should keep it in a safe location. The executor you appoint should not have difficulties finding it when it needs to go to probate. Nonetheless, it should be a private place. This guide discusses four locations you should consider to keep...
3 things to do after you update your will
Your first will may not be the one that will be submitted to probate. You may need to update it when circumstances change. You can do this either by revoking your existing will and creating a new one or writing a codicil to supplement your current will. What should...
How can you update a will?
Life will continue after you have written your will, making it outdated. Thus, you need to update your will when things change. This may not mean omitting or adding information to your existing one. Since it's a legal document, you need to take certain steps to make...
Should you name an alternate executor in your will?
When writing your will, you will appoint an executor to ensure your wishes are fulfilled. In addition, they may be in charge of all your estate documents. Thus, you need to pick a reliable party. Nonetheless, it may also help to have an alternate executor - this is...
Why should you think about having a revocable living trust?
When it comes to estate planning, the number of options available can quite easily make the whole process feel overwhelming. How are you supposed to know just exactly what you need and what’s right for you, your family and your assets? Family and friends might be...
2 important steps when removing a living beneficiary
It is common practice for people to name their closest family members as beneficiaries in their estate. Spouses and children, as well as grandchildren, are often the primary recipients of someone's estate. When a testator adds a beneficiary to their estate plan, it is...
What couples should know about “joint” wills
You and your spouse have decided that it’s time to do your estate planning. You’ve been married for many years, and just about everything you have is jointly owned. You want a simple will that allows you both to leave everything to the other spouse if you predecease...
Why do small business owners need an estate plan?
As a small business owner, you’ll know that the weeks, months and even years go by in a flash. There’s always something that requires your attention and you’re often wearing a number of different hats every day. Being so busy can mean that you don’t get the chance to...