The term heir is used within a last will and testament and trusts to designate family members entitled to inheritance property. When decedents do not execute a Will or transfer property to a trust their estate is deemed ‘intestate’ and must be settled according to state probate law. Direct lineage heir refers to blood relatives ...
Granted, we all don’t like to think about it, but just like taxes, death is inenvitable. So, everyone needs to write out their Last Will and Testament before “the time” comes. Why? Your will is a compilation of your last wishes. It’s a way for you to tell your family about your funeral wishes. It’s ...
Statistics show that 66% of American’s don’t have a valid Will. There is a common misconception among the general public that a Will must be drafted by an attorney who will likely charge huge sums of money to create the document. In all actuality, most any person can create their own legal and binding Will. ...
Will executor refers to the legal representative appointed to administer the estate of a person who has died. Other common names include estate administrator, personal probate representative, probate executor and estate agent. Regardless of the title, a will executor has a variety of duties and responsibilities to fulfill. Most often, estate administrators are appointed through ...
Advance inheritance funds are provided by cash lenders and private investors to beneficiaries entitled to money held in probate. When a person dies everything they own is transferred to probate. The exception to this rule is when the decedent executes a Revocable Living Trust. An estate executor oversees the estate and is responsible for taking ...
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