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7 result(s) displayed (1 - 7):

October 01, 2011

Probate Office

The probate office is where matters surrounding estate settlement, conservatorships, marriage licenses, name changes, and adoption occur. When a person passes away their estate agent files the last will and testament and death certificate through this office to obtain a case number.

Working with the probate office can be simplified by engaging in estate planning. In fact, with proper planning most estates can avoid probate altogether. It's recommended to consult with a probate lawyer or estate planner to ensure adequate protection of estate assets. However, it's helpful to conduct research to learn about the process and available options.

Real Estate Investing article on "Probate Office "

September 27, 2011

Durable Power of Attorney

Establishing durable power of attorney is a good idea for anyone that has bills to pay or wants to have a say about medical treatments they receive. POA is a legal document that gives permission to another person to make decisions on your behalf if you become injured or too ill to make decisions or are out of town and unable to appear in person.

Durable power of attorney documents need to be executed for both personal finance and health care. The person who will be in charge of making decisions is known as the attorney-in-fact. This individual is usually a spouse, parent, or relative, but can be anyone you desire.

Real Estate Investing article on "Durable Power of Attorney"

October 14, 2009

Estate Administrator

Estate administrator refers to a person appointed to manage the estate of a person who has died. Administrators are generally family members, a professional estate planner or probate attorney. When a family member is appointed to this position, they typically require assistance from a professional to ensure legal documents are properly filed through probate court.

An estate administrator has multiple duties. It is important to appoint someone capable of handing financial matters and able to make difficult decisions under stress. Administrators must be at least 18 years of age and never convicted of a felony. It is best to appoint an estate executor who resides in the same state as the decedent. However, this is not a necessary requirement.

Real Estate Investing article on "Estate Administrator"

May 02, 2009

California Estate Planning

California estate planning allows residents to establish healthcare directives and retain control of assets in the event of their death. Estate planning outlines who will be in charge of administering the estate and which heirs will receive assets.

California estate planning is no different than establishing protocols in any other state. The only difference is California residents must adhere to established probate laws. Probate is regulated on a state-by-state basis. The primary difference between states is the amount which determines what constitutes a 'small estate.

Real Estate Investing article on "California Estate Planning"

April 30, 2009

Administrator

An Administrator must be appointed to oversee the estate of a person who has died. Designation can occur by naming the individual in a legal Will or trust. If no estate planning occurs prior to death, everything the decedent owns is transferred to probate. During this process, a judge will appoint an Administrator. This could be a relative, friend or outsider such as an attorney or professional estate planner.

The Administrator generally works with a probate attorney to ensure all documents are properly filed. When the decedent's estate is held in probate, the estate executor must present a copy of the death certificate to the court and legally record the death. Trusts do not pass through probate and follow a different protocol. Trusts are generally handled by the estate planning service that established the trust.

Real Estate Investing article on "Administrator"

March 29, 2009

Will Executor

A Will executor refers to a person that has been legally designated to oversee the estate of a person who has died. There are several names for a will executor including estate administrator, probate personal representative, estate executor, probate administrator and estate agent.

Regardless of the title, a will executor must be appointed through the decedent's last will and testament or by a probate judge. Nearly every estate must pass through probate prior to distribution of assets

Real Estate Investing article on "Will Executor"

March 23, 2009

How to Avoid Probate

Understanding how to avoid probate can save your estate thousands of dollars and endless hours of time. Many people do not realize that the probate process takes an average of three years to complete. During this time assets depreciate in value while attorney fees escalate.

The following tips reveal how to avoid probate strategies which can easily be implemented at little or no charge.

Real Estate Investing article on "How to Avoid Probate"