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  2. Probate - Wikipedia

    en.wikipedia.org/wiki/Probate

    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.

  3. Heir property - Wikipedia

    en.wikipedia.org/wiki/Heir_property

    Heirs Property occurs when a deceased person's heirs or will beneficiaries become owners of property (also known as real property) as tenants in common. [3] When a property is probated, a deceased person either has a will and the property is passed on to the named beneficiary, or a deceased person dies intestate, without a will, and the property could be split among multiple heirs who become ...

  4. Estate (law) - Wikipedia

    en.wikipedia.org/wiki/Estate_(law)

    The allodial or fee simple interest is the most complete ownership that one can have of property in the common law system. An estate can be an estate for years, an estate at will, a life estate (extinguishing at the death of the holder), an estate pur autre vie (a life interest for the life of another person) or a fee tail estate (to the heirs ...

  5. Is Probate Really That Bad? Yes, and Here's How to Avoid it - AOL

    www.aol.com/probate-really-bad-yes-heres...

    Probating an estate is an expensive, time-consuming and sometimes adversarial affair. It is possible, and sometimes advisable, to avoid probate.With the help of an estate planner and, perhaps, an ...

  6. If you want to help your kids bypass probate when you die ...

    www.aol.com/finance/want-help-kids-bypass...

    As the assets aren't considered a part of your estate, they sidestep the probate process. It also lets you continue to use assets transferred into the trust, such as property or investments you own.

  7. I want to help my kids bypass probate when I die - AOL

    www.aol.com/finance/want-help-kids-bypass...

    As the assets aren't considered a part of your estate, they sidestep the probate process. It also lets you continue to use assets transferred into the trust: for example, a house or money from ...

  8. Estate planning - Wikipedia

    en.wikipedia.org/wiki/Estate_planning

    After executing a trust agreement, the settlor should ensure that all assets are properly re-registered in the name of the living trust. If assets (especially higher value assets and real estate) remain outside of a trust, then a probate proceeding may be necessary to transfer the asset to the trust upon the death of the testator.

  9. I Live in Virginia. How Can I Avoid Probate? - AOL

    www.aol.com/finance/live-virginia-avoid-probate...

    Heirs in Virginia can avoid probate entirely for estates under $50,000 by using a small estate affidavit.This legal form lets one heir collect assets by swearing they’re entitled to the assets.