Probate is the legal process to determine the validity of a will and resolve and disputes over a will. Learn more here in the articles, columns, blog posts, radio shows and videos about the probate process.
What happens to a home after a home owner dies without a will. How can a house title change when there's no will? The home will go through probate and the distribution of the estate will depend on state law. Probate will likely result in the home being jointly owned by the siblings. Learn what happens to a home when the home owner has no will here.
Today on the Ilyce Glink Show, Ilyce interviewed enrolled agent Bill Cartwright about the Mortgage Forgiveness Debt Relief Act, foreclosures and home equity lines of credit. John Ventura, author of "Kiplinger's Estate Planning," discussed choosing guardians for children, trusts and probate. Ventura, who's also a bankruptcy lawyer, also talked about the increases in bankruptcies and foreclosures and how to avoid foreclosure. Hour two of the show was a rebroadcast of listener calls from June 8. For show notes and updates through the week, check out her blog at www.thinkglink.com/blog , and sign up for her free weekly newsletter on the ThinkGlink.com home page. Check out the videos at www.expertrealestatetips.net. And be sure to subscribe to her YouTube channel.
Learn about estate planning, including trusts from John Ventura's new book: "Kiplinger's Estate Planning: The Complete Guide to Wills, Trusts, and Maximizing Your Legacy." This estate planning and trusts book review shares that less than 50 percent of Americans have a will. Planning your estate and possibly a trust will ensure that your estate goes to the heirs you select. Estate planning and trust requirements will vary depending on where you live and what kind of property you own.
A Florida homeowner asks whether she can avoid probate for her estate by using transfer on death (TOD) deeds. She wants to leave her condo to her son but does not want him to pay probate costs. Can she set up a transfer on death (TOD) deed so that her son avoids probate? Florida does not support TOD deeds for real estate but she can consult an estate attorney for help with probate laws and possibly setting up a trust.
When you sign a quit claim deed you're giving up your ownership rights to that property. If the person who has the remaining ownership rights dies, his or her heirs will inherit the property. Former spouses who sign quit claim deeds give up all rights to those properties. Learn about some possible inheritance scenarios after quit claim deed has been signed.
When someone dies without a will the estate of that person goes through probate according to state law. How can family members enable a home sale when the legal status of a relationship is unclear? Hiring an estate attorney can help sort out such a property transfer after probate.
When parents want to bequest real estate to their children they may want to use a quit claim deed when a trust is the better option. When you set up a trust you have to figure out who will be the executor and who will be the beneficiaries. Learn about the benefits of placing a property in trust versus using a quit claim deed. And discover what role the executor plays in the transaction.
When you own a home with a partner who has children from another relationship you may be wondering how to protect your assets. While it's good to buy a home as joint tenants with rights of survivorship, a will can ensure that your property inheritance desires are met. Estate planning, including a will, can protect other assets as well.