Do Bank Accounts with Beneficiaries Have to Go Through Probate?
Bank accounts are often the subject of many questions when dealing with estate planning.
Bank accounts are often the subject of many questions when dealing with estate planning.
Do joint bank accounts go through probate in California?
One of the many options for estate planning is a life insurance policy.
When a loved one passes away, an executor often handles the estate. The executor manages the estate's assets and distributes them according to the deceased's wishes, as outlined in their will. However, not all executors are equally competent or trustworthy. According...
Retirement accounts have some complex rules that must be followed, and this can affect your estate planning.
A person who acts in a manner that prioritizes the welfare of another, in this example the beneficiaries of an estate, over their personal interests is known as a fiduciary. In the state of California, a probate bond is often obligatory in order to safeguard the...
Assets that must go through probate are only transferred to an heir under the supervision of the court. By operation of the law, the proceeds from life insurance policies, bank accounts with payable-on-death designations, certain retirement accounts, and certain forms...
The short answer? Yes! However, the process may be more complex than one would think. If you wish to buy or sell property involved in a probate proceeding, there are some additional factors to consider that are not involved in a typical buy-sell transaction. The...
In a nutshell, it can take anywhere from nine to eighteen months on average. However, the procedure can take much more time if the estate in question is complicated or challenged in court. On the other hand, if you have an experienced attorney handling your probate...
One thing we have learned from our time practicing in the area of estate planning is that no two client estate plans are exactly the same. It follows that no two probate procedures are the same. How long probate funds are disbursed after the probate process starts...