Ensuring that your estate plan is complete involves a few key steps and considerations. Here are some important aspects to review to determine if your estate plan aligns with your personal goals and is thorough: Basic tools and documents Ensure that you have all the...
Month: July 2024
What are the differences between a secured and unsecured creditor?
When a loved one passes away, their estate enters a process known as probate. This legal procedure involves settling debts and distributing assets to beneficiaries. In probate, creditors fall into two main categories: secured and unsecured. The prioritization of debts...
3 types of taxes that may be due during estate administration
Estate administration and probate court proceedings in California can take a year or longer to complete. During that time, the personal representative of the estate has to manage resources, attend court hearings and fulfill various other responsibilities. One of the...
Common causes of probate delays
When a loved one dies, their estate may undergo a legal process called probate. It is often a complex and time-consuming process that involves multiple steps. The first step is validating the deceased person's will. The next step is identifying and appraising their...