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While a probate loan lender might check an applicant’s credit score or income, the primary concern is the inheritance itself. Lenders need to be able to verify that the applicant will receive an ...
The executor may need to be paid for the time they spend on the various tasks associated with probate. If there are any problems or if the executor thinks it is best, a probate attorney may need ...
Preparing an estate to avoid probate is a complex task, so you may want to consider consulting an attorney who specializes in estate matters (a financial planner or accountant may also be able to ...
In common law jurisdictions, probate is the judicial process whereby a will is "proved" in a court of law and accepted as a valid public document that is the true last testament of the deceased; or whereby, in the absence of a legal will, the estate is settled according to the laws of intestacy that apply in the state where the deceased resided at the time of their death.
The administrator of an estate is a legal term referring to a person appointed by a court to administer the estate of a deceased person who left no will. [1] Where a person dies intestate, i.e., without a will, the court may appoint a person to settle their debts, pay any necessary taxes and funeral expenses, and distribute the remainder according to the procedure set down by law.
The probate court’s role varies by state, and so do the requirements. In some states, inheritors can bypass probate if the home is held in a trust, but if it’s not, you may need to go through ...
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