by Survived By Staff | Sep 12, 2019 | End Of Life, Estate Planning & Settlement, Inheritance
Intestacy is defined as the state of dying without having a will. The estate of any individual who dies intestate (i.e. dies without leaving a will behind) must go through the probate court. The intestacy laws of the state will then determine who will be the...
by Survived By Staff | Sep 6, 2019 | End Of Life, Estate Planning & Settlement, Inheritance
Everyone over the age of 18 (or 21 depending on where you live) should have a will. Why? A will is the most important estate planning document there is, and, yes, everyone has an estate! What is a Will? A will tells others where you want your property to go after...
by Survived By Staff | Aug 31, 2019 | Inheritance
With the right information, it is possible to find the bank accounts belonging to the deceased. However, sometimes finding the right information can be difficult, especially if the deceased did not keep records or kept records that are extremely disorderly. Identify...
by Survived By Staff | Aug 29, 2019 | Estate Planning & Settlement, Inheritance
Typically, only large estates have to pay out taxes, it is likely that you, as a beneficiary, will not have to pay out any taxes. Inheritance Tax An inheritance tax is a tax the beneficiary must pay upon receiving an inheritance. Inheritance Tax – Federal Level...
by Survived By Staff | Aug 28, 2019 | Inheritance
An estate is never really closed, but rather closing out an estate refers to the final distribution of the estate’s assets. At this point, the executor has no more duties to fulfill. However, if at some point in the future a previously unknown asset becomes...
by Survived By Staff | Aug 15, 2019 | End Of Life, Inheritance
An estate final accounting is the last step in the process of closing an estate and distributing the assets. The process and forms required differ from state to state so it is important to check on the particulars required for your state. The estate’s final...
by Survived By Staff | Aug 2, 2019 | Estate Planning & Settlement, Inheritance
When you write up your will you need to choose individuals for a few positions: executor, guardian (if you have minor children), and trustee (if you have a revocable or irrevocable trust). Your executor is responsible for making sure that your assets are protected and...
by Survived By Staff | Jul 29, 2019 | Estate Planning & Settlement, Inheritance
You may not believe it, but everyone has an estate. All of your possessions make up your estate, including your vehicles, real estate, banking accounts, all investments and life insurance policies plus any of the other of the myriad of things you own from the couch...
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