Probate Basics, Part 6

June 28, 2016

Part of an occasional series on probate. Probate and Property (as in Real Estate)? What if the person who passed away owned land in more than one state? If the he or she owned out-of-state land, the laws of the other state govern who inherits it unless there is a will. If there is a […]

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Probate Basics, Part 5

June 22, 2016

Part of an occasional series on probate. What About Paying Creditors? Do beneficiaries have to pay creditors out of their own pocket if the estate is insolvent? Generally not. In the same way you can’t take it with you, you can’t make others responsible for your debts, at least not without their consent. (Otherwise a […]

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Probate Basics, Part 4

June 16, 2016

Part of an occasional series on probate. How Long Does Probate Take? How long does probate take and when will everyone get their fair share? Complete administration of an estate varies with the size and complexity of the estate, the difficulty in locating the beneficiaries, as well as the cooperation of all heirs, devisees, and other […]

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Probate Basics, Part 3

June 14, 2016

Part of an occasional series on probate. Probate and A Will Do we have to go through probate if there is a will? A will cannot transfer property, so whether probate is necessary depends on the value and the nature of the property. Probate is generally necessary even with a will. In the case of […]

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Probate Basics, Part 2

June 10, 2016

Part of an occasional series on probate. Probate Costs, and Avoiding It How much does probate cost? The cost of probate can be set by state law or by practice and custom in your community. When all the costs are added up—and the costs may include appraisal costs, executor’s fees, court costs, a type of […]

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Probate Basics

June 7, 2016

Part of an occasional series on probate. PROBATE BASICS Why is probate necessary? Probate’s main purpose is to transfer ownership of property from a person who has recently passed away to his or her heirs and beneficiaries. If there is no property to transfer, there is usually no need for probate. Another function of probate […]

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