In a will, a testamentary designates that a public record of the death date of the testator be made, usually in a local newspaper. In part, this information serves as notice to creditors if the decedent has an outstanding debt…
The probate process involves authenticating the deceased individual’s will, assessing the assets, settling debts and taxes and oversee the allocation of the inheritance. After an asset-holder dies, the court will appoint a valid will's executor to administer the probate process.…
A complete estate plan contains a legally binding mandate called a will, describing the distribution of assets upon death. If you die without one (intestate), the state will distribute your assets and property via state law and quite possibly at…