Are you serving as the Executor of the estate of a recently deceased loved one? If so, you may already know how complex and complicated the probate of an estate can be. At some point during the process, you may be asked to provide an estate accounting. If this is the first time you have served as an Executor, you may not know what an estate accounting entails. With that in mind, a Warren probate attorney at Augulis Law Firm explains what is involved in an estate accounting. Probate Basics When … [Read more...] about If I’m the Executor Do I Need to Provide an Estate Accounting?
Even when the probate of an estate goes as planned, it can still be a complicated and confusing process for those who are unfamiliar with the process. When there is a hitch in the process, it can be even more confusing for everyone involved. For instance, what happens if a beneficiary of the estate dies during the probate process? Warren probate lawyer at Augulis Law Firm explains what happens to the inheritance of a beneficiary who dies during probate. What Is Supposed to Happen during the … [Read more...] about Who Inherits from a Beneficiary Who Died?
The probate process is something to take into consideration when you are engaged in your estate planning efforts. We practice law in the state of New Jersey. In New Jersey, probate matters are handled by the Surrogate's Court. When you pass away when you are in direct, sole personal possession of property, it would become probate property at first. Even if you have a will, the Surrogate's Court would supervise the administration of the estate. Here in New Jersey, the probate process is … [Read more...] about Will My Estate Be Subject to the Probate Process?
You should gain an understanding of the probate process when you are devising your estate plan. This process can enter the picture when your assets are being transferred after you pass away. Property that was in your direct personal possession at the time of your passing would become probate property, and it could not be distributed to the heirs until after the estate was probated by the court. In the state of New Jersey, the probate administration process is efficient and streamlined, so it … [Read more...] about Probate Administration: Is It Always Required?
Many people are not aware of the existence of the probate process. When a will is used to direct distribution of property after someone dies, the court will probate a will. In the state of New Jersey where we practice law, the court that would be required to probate a will is the Surrogate's Court. The court would probate a will in accordance with state laws. Probate is a necessary and effective legal process in the state of New Jersey. However, after all, it is in fact a legal proceeding. The … [Read more...] about How Does the Court Probate a Will?
If you are under the impression that estate planning is a matter of document creation, you should take a broader perspective. When a last will is created, you are simply leaving behind a set of instructions. In order for your wishes to become reality, someone must follow these instructions after you pass away. This person would be called the executor or executrix if you utilize a last will as your vehicle of asset transfer. An executor is a male estate administrator, and an executrix is a … [Read more...] about A Probate Attorney Can Provide Guidance
A little while back we shared some probate news about the estate of the actor Sherman Hemsley. The star of the classic sitcom The Jeffersons actor died in July at the age of 74. Hemsley left behind a will that made a woman named Flora Enchinton the sole heir to his estate. According to reports in his will she was referred to as his "beloved partner." Over the many years that Enchinton knew Hemsley she never heard him mention the existence of a brother in Philadelphia. However, now that Hemsley … [Read more...] about More News About Hemsley Estate Dispute
When you draw up your last Will and choose an executor to administer the estate his or her actions will be supervised by the surrogate court during the process of probate. New Jersey probate attorneys applaud the process because of the fact that it is so efficient and streamlined these days. It is comforting to know that there will be some legal oversight when your estate is being administered. The court is going to be there every step of the way to make sure that things are taken care of in … [Read more...] about New Jersey Probate Lawyers Applaud Process
There are things that must be facilitated after your passing if you want to see your final wishes become an actual reality. This is why it is so important to understand the things that take place after someone passes away on a legal level and take the appropriate actions with the benefit of expert guidance. The majority of people elucidate their choices with regard to asset transfers via the execution of a last will. If you are among them your estate is going to have to pass through the legal … [Read more...] about Make Your Final Wishes A Reality