Posts Tagged "probate"

Money and Trusts, Frequently Asked Questions

Posted on Mar 8, 2016 in Estate Planning, San Diego Lawyer | Comments Off on Money and Trusts, Frequently Asked Questions

Money and Trusts, FAQ Marty Schneider, the Retirement Professor, asked me questions the following questions on our radio show today: What happens to money outside of the Trust when the trust creator dies? The money must be transferred to the Trust but may require court orders to make the transfer. Smaller amounts of money can be transferred through the use of Affadavits. How can you make sure that life insurance is in the Trust? You can look in our your original policy or ask the insurance administrator or company to provide that information. How can you make sure the bank accounts are in...

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What’s so bad about Probate?

Posted on Feb 23, 2016 in Estate Planning, San Diego Lawyer | Comments Off on What’s so bad about Probate?

What’s so bad about Probate?   The following questions were posed to me on my radio show today: What’s so bad about Probate? and What is it and why do we want to avoid it? First, what is Probate? Probate is a court proceeding used when estate planning is done wrong or not at all. Second, what’s so bad about it? Here’s why you want to AVOID Probate. 1 – Probate is very slow (1 to 3 years) to get money to the beneficiaries. 2 – Expensive – 6% of gross estate. Six percent is a huge chunk of change for anyone to have to pay. 3 – The...

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What is Probate?

Posted on Apr 24, 2015 in California Wills, Estate Planning | Comments Off on What is Probate?

What is Probate?   Probate is a term that is used in several different ways. Probate can refer to the act of presenting a will to a court officer for filing — such as, to “probate” a will. But in a more general sense, probate refers to the method by which your estate is administered and processed through the legal system after you die. Dummies.com Many people think that “Probate” only applies to those who do not have a will. This is incorrect. Probate is the process that helps transfer your estate in an orderly and supervised way. There is a big difference,...

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What is Probate? San Diego Probate Attorney

Posted on Apr 29, 2014 in California Probate, Estate Planning | Comments Off on What is Probate? San Diego Probate Attorney

What is Probate? To some people, “probate” is just another one of those legal words they’ve heard but don’t understand. For those who’ve been through probate the word is associated with losing a loved one, money trouble, stress, courts, and all too often, rough times. Even so, many still are left asking the, what is probate?   As the California Courts official website states:   Losing a loved one is a sad and difficult time for family, relatives, and friends. In addition, those left behind must often figure out how to transfer or inherit property from the person who has died. To do...

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