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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. Estates and Wills: Should You Set Up a Revocable or ... - AOL

   www.aol.com/estates-wills-set-revocable...

   The Beneficiary or Beneficiaries: Parties who receive the assets of the trust upon the grantor’s death. Trustee: The person who ensures the terms of the trust are followed. Successor Trustee: ...

4. Disclaimer of interest - Wikipedia

   en.wikipedia.org/wiki/Disclaimer_of_interest

   "If a trustee disclaims an interest in property that otherwise would have become trust property, the interest does not become trust property." [1] There are a number of reasons why a person might wish to avoid an inheritance, particularly if the proceeds would only go to their creditors, or if it would drastically affect their income tax ...

5. Will and testament - Wikipedia

   en.wikipedia.org/wiki/Will_and_testament

   This is an accepted version of this page This is the latest accepted revision, reviewed on 6 December 2024. Legal declaration where a person distributes property at death "Last Will" redirects here. For the film, see Last Will (film). This article possibly contains original research. Please improve it by verifying the claims made and adding inline citations. Statements consisting only of ...

6. Testamentary trust - Wikipedia

   en.wikipedia.org/wiki/Testamentary_trust

   A testamentary trust provides a way for assets devolving to minor children to be protected until the children are capable of fending for themselves; [3] A testamentary trust has low upfront costs, usually only the cost of preparing the will in such a way as to address the trust, and the fees involved in dealing with the judicial system during probate.

7. What happens to your bank account after you die? - AOL

   www.aol.com/finance/what-happens-to-bank-account...

   If you are a joint account holder responsible for an account after a death, you might want to move some assets, if you have more than $250,000, to another type of bank account or a new bank.