Ensure that your final wishes are honored and that your loved ones are cared for if you pass away by creating an estate plan with Allan Grubb Attorney at Law. It’s an important step for estates of all sizes if you want to help your family avoid probate.
Unsettled affairs of deceased persons are handled through probate. Probate is the process of determining that a deceased person’s will is valid and then administering that person’s estate in accordance with their will.
Whether a relative recently passed away having left money in you or your child’s name or an executor asks for probate papers in order to authorize the transfer of money bequest to your nephew who’s being cared for by a guardian, estate planning is an essential part of determining who gets a family member’s money when they pass away.
Beginning a lawsuit against an estate is sometimes your only available option if you’re trying to collect due compensation from a debtor who’s passed away. Probate administration can collect assets of a deceased person if they owned a sole proprietorship business.
A will can be made by legally competent persons over the age of 18 as long as they are of sound mind and capable of understanding the property they own, its value, and whom they’ll be leaving it to. These services are in place to protect you during your lifetime and your family should you perish.