Almost all adults have heard that they need a will as part of their estate plan. What many adults might not realize is that a will isn't always the end-all-be-all tool to get assets where you want them. Instead, the will is only one tool that you can use.
There's an old saying that the only two things you can be sure of are death and taxes.
The probate process is a complex one that can be difficult to work through if you aren't sure what is going on. This occurs when you are already in shock because of your loved one's death. We understand that you might have some questions about everything and we can help you to get the answers to those.
A person's will is a reflection of the wishes he or she has for his or her estate after he or she dies. It is possible that this document can be challenged in certain circumstances. Not everyone who thinks a will is correct has the legal right to challenge the will.
Generally stated, the role of the executor of an estate is to ensure that all assets are distributed as per the decedent's wishes. They're also responsible for ensuring that creditors are paid off as well.
Getting your estate plan together is a relief for most people. Just knowing that it is all done can bring you a sense of peace. One factor that you have to think about when you are making the estate plan is who is going to be the executor of the estate.
Some people have sizable estates that they know are going to be taxes when they pass away. For these individuals, it might be possible to lower the value of the estate before they pass away so that the estate won't be subjected to exorbitant taxes.