1:40 Contact estate attorney 2:15 Will review 4:01 Independent administration 4:55 Agreement of heirs to independent administration, court pleadings 5:44 Disposal of "payable on death" assets 6:26 File stack of (unspecified) pleadings and agreements 7:02 Wait to hear back from court 7:35 Confirmation of executor 8:31 Order admitting will to probate 9:02 Grant of letters of independent executorship (formerly "letters testamentary") 9:41 File with IRS for taxpayer id for estate accounts 10:25 Establish estate accounts at financial institutions ("X as executor of the estate of Y") 11:47 Disposal of designated-beneficiary assets 12:42 Disposal and acknowledgement (via receipt) of assets explicitly named in the will (non-residual) 14:09 Prepare detailed list of remaining estate assets and liabilities 14:51 Prepare more (unspecified) court pleadings stating debts paid, explicitly-named assets distributed 15:39 Wait for response from court 15:50 Accounts established for each heir receiving a portion of the estate residue 16:29 Retention of a portion of assets in anticipation of filing decedent's final tax return 16:50 Conclusion 17:22 Tax treatment of inherited IRAs 17:50 Inheritance tax, capital gains tax ("step-up in basis"), estate tax 18:39 Will vs. trust
Having a proper estate set up including a trust, living will, power of attorney & advanced health directives is so vital to avoid your estate going into probate & having to deal with probate court
Plus, a complete administration to appoint guardians for minors, prevent conservatorships, fund, record, monitor, arbiter, validate, transfer, distribute, plus dozens more steps to settle a peacekeeping administration with histories most valuable legal niche, a NICER Certified Pro Bono Hollywood style Trust Reading.
This was very informative and important information. We had been trying to get my father in law to get a Trust or give us POA, but he was a “know it all” and extremely stubborn man that thought he had it all under control and didn’t trust even his 2 sons with any of his financial information! And did I mention that my mother in law had Alzheimer’s and he was her sole caretaker! 😣 So He fell and broke his hip and never recovered from surgery and died 45 days later. We had to move into their house to care for mom and then file for Guardianship, what a nightmare.😢 We put mom into a memory care facility and she was happy there, but kept falling and declining. We eventually got guardianship, but soon after passed away. Now we’re trying to get the guardianship accounting completed and closed. OMG All while filing for Probate for both of them 😱. I’m telling you all this to say, Get a Trust, don’t put your family through this nightmare!! People, push your senior parents to get a Trust!! Don’t let them get away with thinking they know it all!! Just Do It! ❤
Probate is AWFUL nightmare, 5 years and still waiting to transfer everything from my later fathers estate and move on with my life. I've spent 165k maintaining the estate.....I can't sell as the legal heir to downsize because i don't have the title to the home....YIKES PLEASE put your assets in a trust rich or poor !!!!!!😫
Probate is very depressing. People get very greedy and it's a long drawn out process where lawyers just disrespect your loved one and steal everything.
Yes I am in a true 100 percent agreement with you. I both recently have and still are. With multiple cases all at the same time. I have paid three atturnies in full. Over $31,000 one attorney is in a neighboring state. They still asking for more. The probate case I just lost. I lost 100 percent of total realestate worth $295,000. You deffinitely DON'T!!!!!!!! Know where I am at right now. Not one of the elder family members made out a will. There is only us two siblings left. My sister is both wicked and evil. The amount of state laws that she is breaking. By stealing and selling illegally is truly unreal. God I need to stop right now.
My sister rushed me off to rehab before what would be my moms last Christmas coerced me into signing something after her death while i was still suffering withdrawals six years later when i ask about it she turns into the devil has had me arrested on false pretense and tried to entrapt me twice @ariesmight6978
My husband of 15 months just died. He had no living will or assets. All his insurance policies were left to other beneficiaries besides me, so Virtually, I was left with nothing. Because he died as a result of a car accident, I filed a claim against the driver that killed him. That driver had limited tort, so my attorney turned to me and my husband's car insurance policy for compensation. They did grant the claim, but it's been granted in my husband's name. Now I have to open up an estate in his name. I need to know what to do. How long will I have to wait before the estate closes? I have a PI attorney, but I need a probate lawyer to help. Sadly I can't afford to pay 2 sets of attorney's.
Thank you for taking the time to create and post this informative video. My father just passed and I have a lot of research to do. Thank you for pointing me in the right direction!
My mother in-law didn't take the advice of a Legalese Administration Legal to hire a professional to inventory an appraise her parent's estate and sold her father's antique care collection for the price of scrap metal and lost a quarter of a million in step up value.
A living trust seems to be the best way to go. Probating a will seems very complicated and time consuming, much more than you would think it should be.
A Living Trust cost my family 50% in Billable Litigation Hours 5 times more than probate, the way to go is NICER approved Forgery Proof Legalese Administration Lawyers and their team of Allied Legal Professional Trust Guardians, defending Grantors when we're vulnerable and our Grantees when we're not around.
You should see probate law in Canada. It’s been a year and my brother and me are starting to go a little stir crazy with all the paperwork that the lawyer sent to the court only to have it returned because a paragraph or sentence needs to be reworded. I think the judges do it for their own amusement.
A family member was managing my mother's Certificates of Deposit from 30 years ago till recently. He was to report all the interst on his return, paying the tax, takng only the tax liability out of the matured CD's, then reinvest or rollover the CDs once again. In the end, he took all the interest and only distributed the beginning balance of total CD's taking 100% of interest income less the tax portion. Is this a probate court issue, or anoher court? My mother had no will or living trust. We only trusted this family member to do the right thing. The CD's were kept in 5 children's names but he managed it totally, and in the end took about $80,000 in remaining interest thru the years. Please repsond to our plight, and would be most greatful. THUMBS UP!!!
This video, consistent with all your UA-cams, is quite informative. Thank you for this service! I was wondering if you would consider a To-Do List one could use to ensure all is prepared and ready for ones own death. Death & taxes are both a surety and I would not want to leave my executor with any problems when (not if) I die.
Your video is the best and easiest video I've ever learnt so much information and I understood. You have a gift at teaching. Thank you so much! What a clever man.
This was very interesting and informative, thanks you for posting it. I think the audience would benefit from knowing the approximate cost of a similar probate ? Thanks Paul
Excellent, so timely. Thank you. You explain this so much better than my attorneys. Does the real estate in a trust need to be sold to get the tax free transfer?
Re: Savings bonds. I as the executor put all the bonds in an estate account at the US Treasury. That step digitizes the process and removes paper. Then I had the beneficiaries set up accounts at the US Treasury. Once we passed the 6 months hiatus (for KY), I used the judicial order to direct the US Treasury to move specific bonds to specific beneficiary accounts. Surprisingly, the US Treasury has a special office outside DC that handles it. It provided a terrific electronic trail, set up a quite easy redemption process for the beneficiaries (a few clicks), and most importantly, allowed the beneficiaries to continue to hold the high interest, 4%, bonds to maturity, +10 years. Paper bonds are not very convenient for anyone, especially clerks in a government office. Handing them out with death certificates obviously worked, but I would bet it took a while.
One other related note: Savings bonds in the IRS code have specific exemptions to rules on a revised cost basis from probate. Though the bonds moved through probate, the cost basis remained at the basis of the original purchaser.
The same court issued a check for my deceased brother. I am waiting for the DOJ on that issue. Took my brothers inheritance and I made them aware of it.
Will names two executors: "coo- executors" trouble and complexity? (one executor lives several states away from the area where the deceased had her accounts and where the Probate Court is located) Estate account could have been moved to an interest paying credit union instead of to a bank checking account (no interest) ? but the other executor does not want to do/allow that estate account in checking could have been retained keeping some money in it but the balance moved to another estate account (with the same title "estate of" and same EIN number as that of the checking account but earning interest in CDs or other "money market savings" ?
No worries NICER's 33-year reformed Financial Elder Abuse Defense Network Security Systems arrive around Thanksgiving time. With a Forgery Proof Arbiter Interdiction Trust and Schedule A Permission Ledger Counterfeit Free LLC. To protect vulnerable seniors from Financial Elder Abusers and defend Grantees Legacies.
My husband and I had seperate revocable trusts with pour over wills. He passed away last year. He did not fund the trust. He instead left things outright to people such as tod and what we owned together went directly to me. I brought it to the attorney and she said there was no need to probate. I received court papers to the affect that no taxes were due on the estate. Everything was fine. I paid all the outstanding bills of his and distributed things according to the trust. His brother died 3 years ago. He left money to everyone in his will. Being a brother my husband did not have to pay taxes on it. The sum was $17000 a small part of the estate. The attorney said everything was fine. Now a year later she telling me this amount must go through probate because the executor of the brother’s estate said he can’t close the estate unless it does. Everyone else has received their inheritance except for $300 each being held back by the brother’s estate. So now I have to pay my attorney $2000 to go through probate on my husband’s settled estate/trust and the heirs of his brother’s estate have to pay their attorney. This doesn’t make any sense to me since everything was settled already. We wanted to avoid probate because of expense and the heirs are satisfied. Why would the executor of his brother’s estate insist on my husband’s will pour over and trust be probate. It seems like it’s none of his business and costly to the trust. What am I missing?
So what does executor have anything to do with getting your deceased parents medical records 🤔 I've been trying to learn about this probate stuff I don't even know why hospitals or medical facilities would even ask for one. Just like I'm reading the executor handbook it mentions nothing about medical records. It's all about Will's estates etc. If someone could help me out I would appreciate it.
My father passed away almost a year ago now he left a will appointing my oldest sister as the p.r now are stepmother is taking us to court cause he did not put her in the will also they was 3 days from getting a divorce wondering if you have any advice that I can do or even bring up in court she has not ask for his ashs pictures or to help take care of his bills or creditors all she has said she wanted is anything worth money
My sister stole my father's business from my mom after he died. I'm executor and I'm going to be filing a summary of administration after 2 years. She's kept us out of the mail bank accounts everything. Will she go to prison? I hope so
There is a huge story here. One of the pages that were signed and witnessed didn't have the county on the top. What do I do with that? The clerk was not very nice to me about that. We had a joint account he listed as owner/primary. He had not a penny w/no beneficiaries on this will. There is nothing being left to anyone at all. This living will is cut and dry. It does not have heirs, beneficiaries, or the like. There is a clause for his stepson to take care of his dog. Once again, will be witnessed and written back in 2013 leaving me w/ a hot mess!!! UGH. I will get those witnesses to sign another affidavit because the clerk wants that. Gee, I wish I were Ed I'm pennyless now!! UGH. This sucks, I'm a college student going for my PhD as a clinical psychologist. He was not supposed to leave me!!! I was supposed to take care him for the rest of my life!!!
My father passed I’m his only child and his nephew claims my father had a Will and left everything to him I never saw a Will how do I find out if their was a Will or not?
Yes find out if there’s a will cause he can lie and take everything just because.it’s illegal for him to do that but he still as to probate the will anyway if he wants those stuff legally In his name it if there no will if your father doesn’t have a wife everything automatically goes to you if their aren’t no outside kids that’s pops up out of nowhere.
Is the trouble and expense of probate highly specific to the state where the deceased was resident of ? Court can periodically charge a fee for as long as the probate remains open ? Fee can be considerable as for instance, $1800. even if the jurisdiction doesn't have "inheritance tax" ? Best to pass on as many assets as possible outside of probate? "payable on death" "transfer on death" "beneficiaries" ?? One of the main purposes of probate is to make sure the estate properly pays the debts owed by the deceased before assets get distributed to heirs ?
A greedy Trustee changed our parents estate plan costing 50% in Litigation so we'll see a NICER Approved Forgery Proof Legalese Administration Lawyer and team of Allied Legal Professional Trust Guardians to defend us when we're vulnerable and Grantees Legacies.
Hello. I have a few questions. My sister, executor, is hiding my fathers WILL from me. My other siblings have seen it. My mother passed awsy last year in a different state. The probate office where my father passed is lying to me, and keeping the WILL from me as well. What can I do? My sister said early on, "I'll never let you see the WILL." My brother told me they came out right before Dad died, and MADE him change his WILL. To make it easier on everybody, he said." About a month before my father passed, he started drinking heavily. From noon til bedtime falling on the floor at night. He drank before dinner all his life. He was a functioning alcoholic. I believe whatever they did made him so unhappy he increased his drinking. He passed away suddenly, although being treated for a blood clot. The EMS was there, no police came. Just my mother and neighbor at the house. I was called home. The EMS wouldn't let me see him. No police came. I signed the form for EMS. I asked what was put for cause of death. EMS said heart attack, and took him to funeral home. No autopsy to my knowledge. He passed in 2008. But a lot happened then. I still don't know why my sister is now hiding my mother's WILL. Probate office where my father passed still won't send me a copy of fathers WILL. I don't know if it's the amount of money or something else that bering hid from me. Any information would be helpful especially on saying heart attack. Don't they have to do an autopsy to put that? Is heart attack a cause of death on a death certificate? Thank you! Just anything you can tell me is appreciated.
I was talking to a lady who’s went through probate .Her father passed away ,I don’t know if her father died before Covid.She told me the clerk of court is very slow it will take 8 months to a year, maybe you have the same clerk of court . I’m supposed to be in a will and never saw the will.I talked to a secretary that worked for a lawyer ,she told me their was nothing the lawyer could do until probate.
What about her debts. The creditors will file to get paid. That is why have probate. Will need to file or state will do it for you and appoint state government person to be the executor, not you. Then you will have to answer to them. House will be seized and sold is a possibility if unpaid debts and mortgage. Taxes will need to be filed also.
My aunt passed 2 weeks ago. She had no will. I am beneficiary on life insurance and planning the funeral. However I am anticipating a mess. She had 3 other nieces/nephews but they seem to not really want to be involved. She owned a small condo which will ultimately need to be sold. We are still really early on and have not even had the actual funeral yet. Just trying to view some videos at this point as this is all new to me. Even though I am only 50 I'm thinking getting a will may be a good idea.
At 50, I believe you should have had one long ago. At 37, I feel like i am way past due having a will, a living will, a designated POA and an Advanced Directive. It's not fair for the family when one leaves these things undone and passes away
My grandfather past November of 2023 and left my mother the will. Even though, she has 6 siblings, my grandfather wanted my mother to have something. However, my Aunt hijacked my grandfather’s bank accounts and stole everything. She even hired 2 attorneys. The system is so busy being corrupt, that they don’t care about what’s going on down here. We hired 3 attorneys and 2 of them, we believe we bought off by my Aunt. My mother has done ALL the leg work!! All a lawyer has to do is present it to a judge! Can’t get a lawyer to do what you want them to do! United States traded our rights into privileges! Local courts doesn’t honor the Constitution! If it’s corrupt on top, we don’t stand a chance for ANY recourse down here. Smh
Hello from California! Two part question- since taxes need to get filed, what happens to a possible refund? Or if taxes are due? Enjoying your videos. Thank you
What if the heirs/legatees will not agree to making Ed Ind. Exec., I guess you would have to petition the court to ask them to compel making Ed Ind. Exec. or a temporary Ind. Exec.?
how about cost differences for setting up an irrevocable trust to avoid probate vs probate court costs? my state massachusetts has high probate court costs and naturally taxachusetts wants their piece of the pie. which is cheaper paying a lawyer to set up the trust to avoid probate or going through the probate process?? what if theresa had just named Ed as beneficiary on everything and put his name on her house deed and instructed Ed to disburse the estate the way she wanted then there would be no court costs, no lawyer fees, no one looking to make a buck off a loved one that passed? the only exception there would be Ed and if he did the right thing i guess or got greedy and took it all right? you’re fucked while living and you’re fucked when you die too. it isn’t bad enough you paid taxes on your money all your life, when you die your state wants fees and delay everything and you pay a shark (lawyer) to divvy up everything appropriately
see lady bird deed. Have right to live in house until death or deed on death. Are other ways to do this. Can do deeds where have right to live in house as long as live. Can even do a trust where control all and can change it and house goes to whomever you want when you want. See lawyer. Consultation worth it. Go to a probate lawyer.
I called the lawyer after getting the probate letter saying I was one of 5 on the will. He said they don't have all parties meet and go over anything. I was told I don't need to anything but just wait for the closing. My step-sister (who won't communicate with me)!was put in charge and I notice she tried to sell the house a few months before the probate was filed now puts the house on the market then takes it off market. Can I call the attorney to make sure all is being done truthfully and to find the progress? Thanks.... Not wanting conflict I'm just hoping she will fairly split everything equally 5 ways as she has said she is very spiritual in the past
Hi, Paul! I know you can't go into detail answering a ton of questions re: multiple and disparate potentials re: every probate; however, rest assured-I'm *only* clarifying your reference to multiple death certificates! 🤗 I'm a paralegal, and so I'm curious!🙏🤗 Seems you mentioned about twelve death certificates! Since there was only one decedent (Teresa, the Testator😊), what were all those death certificates for? To whom were you going to give them? Did you simply order multiple copies on the one decedent's death--in case you needed them for multiple purposes? That's a high number! 🤷♀️ Thanks! I'll be checking back! Hope all is well with everything going on on the world! We're doing Zoom court meetings, and limited court house meetings in my State, now!🙏🤗🤗
@Itsjusta Hemi In our family going through the process we needed 8 death certificates because you need them as official records to close out and cancel accounts. A company called www.weareatticus.com help us understand what steps we needed to do after my dad passed.
Fellow probate paralegal/legal assistant here. Multiple are needed because some businesses require original death certificates, though in my experience most are ok with a photocopy. We’ve never had 12 in our file; usually 3-4 is enough for our purposes (in WI).
My independent executor, an experienced lawyer and law professor in La., says he can do special and initial residual distributions without going back to court as long as he sets aside enough for debts and fees. Is going back to the judge always necessary?
When my parents passed on, there was no probate. They both had revocable trusts and their assets were transferred to us, to the children. When does a probate process get initiated involving a judge or a court? What action triggers a probate process? Is it when someone seeks ownership of their parents’ assets?
In my case, my friend died with no kin listed. He told me he’d handled all his affairs but He left a set of bank keys to a security box on the table the morning he died. No clue what’s in it. I’m not listed on the bank box and must go through probate. Idk if that helps at all.
I work in probate law. There was no probate in your case since all your parents assets essentially had beneficiaries named (the trust) so it became a trust administration instead, where everything funneled through the trust. Probate come into play when a person passes away and didn’t name a beneficiary on certain assets. I’m not an attorney (but work for one) and we’ve done probates as simple as having a residence as the only probate asset to as complicated as having to add multiple bank, IRA, stocks/bonds/mutual funds, 401K, and real estate as probate assets because no one was listed as a beneficiary. It’s worth hiring an attorney to do some estate planning. Costs a couple hundred dollars up front, but saves your loved ones thousands in legal fees on the back end.
So 6 months ago I ran into an opportunity to buy out one brother of 2 brothers who inherited their father's estate which was in probate for 4 years they needed it to close the probate and 1 brother wanted to sell the other brother didn't want to sell. The brother that didn't want to sell was my Harley master mechanic guy My boss was convincing me for a year to do this and I finally did it on the 11th hour 6 months later The brother that stayed on the deed with me after we closed passed away due to a heart attack we had an agreement to write a will for me to receive his half of the house for saving his a** he never got to it now I the brother I originally had to purchase the 1/2 interest of the estate will be assigned as the Executive , I was wondering what kind of power for lack of a better term do I have in this situation
My Dad is 87 Years old & not doing well. Dad has NO property & is in a Nursing home. He does have Mutual Funds/IRA's with an Invest firm & all of that money has beneficiaries attached to it. Do I have to probate his estate eventhough his money is all spoken for? (I am Dad's executor & there is a will)
Hi..... Is. Probate sensitive in the will??? What i mean is if 2 will exists, the the old will will probate the new will will hide... Is attorney Notice of that??...? Is that noticable during probate?????
If two out of four children were disinherited and specifically named in the will as being disinherited, can they contest the will and what would their chances be
I am in NYS what the heck can I do. My partner passed on the 13 at 71, my sweetheart for 25 years. The will isn't notarized yet witnessed back when he signed it in 2013. He put me as executor of his estate. There is no leaving this to that. No leaving stuff to anyone. It's just a simple 10-page living will.
My situation: Wife passed and her family members are passed. I am her spouse and we both live in North Carolina. She doesn't have a lot in assets, mainly the house that I am wanting to sell. She also had a truck where I am the primary signer and she is just the co-signer that needs to be sold to help take off some financial burden. How fast can we get this moving? How long before I can sell our home, as I really can't afford it and the housing market is selling pretty good right now. I just want to get past this hurdle as this is a heavy burden on my shoulders in addition to having my heart broken daily since my soulmate is no longer here. I hope this makes sense. Also, since its just me do I really still have to go through probate? There is no children or siblings on her side of the family. Can you help or can anyone in the comments as well. I am open to learn new things about this process.
aware that you have two years from the time of death to sell the house and get the $500,000 exclusion, not two tax years. After that, the exclusion will be only $250,000. Depends on how hold title. Most couples own property in joint tenancy with rights of survivorship. This allows the ownership interest in the home to pass from one owner to the other automatically upon death no probate needed. When the time comes to sell, and you have a buyer for your home, you ‘ll sign the contract for the sale as the sole owner of the home. Once you have possession of the will, it’s your responsibility as executor to file it with the probate court after the decedent’s death. In most states, you have 30 days to complete this step. a community property state, which means that following the death of a spouse, the surviving spouse will have entitlement to one-half of the community property (i.e., property that was acquired over the course of the marriage, regardless of which spouse acquired it). Typically, after death, the process will take between 6 months to a year, with 9 months being the average time for probate to complete. Probate timescales will depend on the complexity and size of the estate. If there is a Will in place and the estate is relatively straightforward it can be done within 6 months. Owners who hold title as tenants in common will have to go through more steps to get the property sold. Tenants in common own a specific percentage of the home; say, 50 percent or 25 percent. When one co-owner dies, the other does not get his or her share automatically. The disposition of the asset depends on the will; if there is no will, then probate court. But in any case, to transfer the deceased’s share of the property, you’ll likely find yourself in probate court, which could be expensive and time-consuming. To sell a house after your husband dies, the recorded title to the property must be cleared of his name, officially transferring his interest in the real estate. The manner in which you and your husband took title mandates what’s necessary to convey a clear title for the home for a prospective buyer. It's always helpful to seek competent advice from a qualified estate attorney. The local Bar Association can assist in finding certified legal specialists in estate planning, trust and probate law near you. Know the home's Assessor's Parcel Number (a real estate agent or your tax board can get that for you) and have a Certified death certificate, an original, not a copy. When a house is in a revocable living trust, transferring ownership can be a simple process. The successor trustee must file a signed affidavit for the local county records. You’ll be asked to provide a death certificate for the deceased spouse to establish the fact that he's no longer serving as the trustee. It will also designate the successor trustee (you) who can convey title to the home.
Do you know if a mortgage is a deductible value from the Value of the estate? In other words I sold a home for $200k but it had a mortgage for $80k on it so I only got a check for $120k, but the probate lawyer wants to charge the estate for a $200k home..
Does anyone know the awnser to this question I have……my grandparents will was simple. My mom and aunt split everything 50/50. Well my mom passed away before her parents and I believe she was the executor. So are my sister and myself supposed to recieve her half since we were the blood decendents. We signed a paper making my aunt the executor because she was the one that had access to there bank accounts since she was taking care of them. We don’t know anything, completely out of the loop. My aunt told me at one time she made sure my sister and I were getting my moms half so my dad wouldn’t. And she’s told me she was going to go see a lawyer to get the estate closed soon. What should we do, we’re afraid to ask about seeing the wil and stuff like that, just kinda going on blind faith we wil recieve our mothers half as we were told by my aunt, 6 months have gone by, how long should we expect to wait.can we expedite this process or should we get an attorney. We love our aunt she tells us she loves us so no fighting going on. We’re just scared bc we’re not told anything like amounts to expect or anything. Eff
Well I’m going through this now if I’m not mistaken your mom wasn’t able to legal obtain nothing from the will since she passed so there’s nothing in her name even though it was stated she supposed to get it. She can’t sign nothing to her. So it’s really up to the Courts to say which is why your aunt probated on your mother behalf. So as long as your mom still not married yes it would go to you and your sister and your aunt gets her half she was promise.
We did a summary administration for the $30,000.00. Estate. Dad’s girlfriend claiming all TTP of estate were gifts to her, or her son gave them to her, etc, she also gave away and sold TPP. She is named nowhere in the Will. We are now having to go Full Administration. I’m making lists of pattern of deceit, copies of forged credit card receipts, and she hired someone to open Dad’s safe and is telling us it was empty. We need to lay out the pattern of deceit, illegality of her giving TPP away. What will the judge be looking for? She’s so stupid it’s almost funny. She denied knowing about Dad’s credit card, but I have the receipts for over $15,000 of purchase where she signed the receipts using various names. She also claiming ownership of the property because she purchased it, but she still denies knowing about the credit card.
sorry to keep this up, but since this living will made me the executor and distributee, I will get the will notarized with those two witnesses once I find them. This way no probate correct? No one got any inheritance at all on this will
Actually you still have to probate only thing is this is easy and straightforward because now the courts know where everting is suppose to go so they just transfer to the right person to keep it.
I have a beneficiary (wife) in Arizona that has obtained an attorney and has asked to transfer the title of the home jointly owned by them just 25 days after the Notice to Creditors in Probate, she was involved in a Auto accident prior to the death of the decedent and was sued with the insurance company. I have asked for information regarding to the status of the case with no response. I have been looking for information as to waiting for the 120 days to transfer the home and stocks just in case a claim is filed against the estate. Any information is appreciated , Thank you
From what I assume yes they are they handle all the hard work and headache for you so you don’t have to do it yourself. But it is kinda costly though. But trust me get a lawyer because unless the person that died had everything in place you gonna regret taking that on.
I'm hoping you can advise- my husbands grandma passed recently and the will we found is from 1996 when her husband was alive so his daughter is named executor. My husband is named in the Will, for something else. Will he be reached out by probate court? And if so, if we don't sigh the waiver that probate court gives, what happens? In other words, we don't believe this will should be valid and think it's needs to be contested.
This video is great and honestly really helped me understand. What if the trustee can't produce or find original/copy of the Trust? My parents are the Trustees on a Trust they created in the 90's. My father died 2019 & one of his IRA's had the Trust as his beneficiary. All my mom has is a TIN/EIN from IRS with both their names on it as trustee and we are not sure how to get the IRA distributed in my mothers name. State is Illinois. Thanks for any tips and for the very helpful videos.
Will probate court take longer due to Covid? My dad just passed away from Covid and left three mortgages.... pending... any advice. Also, is a probate attorney the same as an real estate attorney? I’m from Arizona
How long is the court process to remove personal representative after judge requests all interested parties are served with the petition I filed proving personal representative submitted a copy of a fraudulent will because I found and filed actual will
Paul, our uncle passed away on Christmas, my husband is a beneficiary but my father-in-law does not want to share inf about the will, he is stating that all of my uncle's annuities have him and his brother and deceased sister as beneficiaries. What do we do to find out the truth?
Going thru this now eith the passing of my father last year and already had to fire one attorney.can you tell me usually if 1,do attorneys get paid monthly and 2,can anyone do probate by themselves?thanks
1:40 Contact estate attorney
2:15 Will review
4:01 Independent administration
4:55 Agreement of heirs to independent administration, court pleadings
5:44 Disposal of "payable on death" assets
6:26 File stack of (unspecified) pleadings and agreements
7:02 Wait to hear back from court
7:35 Confirmation of executor
8:31 Order admitting will to probate
9:02 Grant of letters of independent executorship (formerly "letters testamentary")
9:41 File with IRS for taxpayer id for estate accounts
10:25 Establish estate accounts at financial institutions ("X as executor of the estate of Y")
11:47 Disposal of designated-beneficiary assets
12:42 Disposal and acknowledgement (via receipt) of assets explicitly named in the will (non-residual)
14:09 Prepare detailed list of remaining estate assets and liabilities
14:51 Prepare more (unspecified) court pleadings stating debts paid, explicitly-named assets distributed
15:39 Wait for response from court
15:50 Accounts established for each heir receiving a portion of the estate residue
16:29 Retention of a portion of assets in anticipation of filing decedent's final tax return
16:50 Conclusion
17:22 Tax treatment of inherited IRAs
17:50 Inheritance tax, capital gains tax ("step-up in basis"), estate tax
18:39 Will vs. trust
THANK YOU
Thank you SO much for putting together these time stamps! You made this so much easier. Not all heroes wear capes.
Having a proper estate set up including a trust, living will, power of attorney & advanced health directives is so vital to avoid your estate going into probate & having to deal with probate court
Plus, a complete administration to appoint guardians for minors, prevent conservatorships, fund, record, monitor, arbiter, validate, transfer, distribute, plus dozens more steps to settle a peacekeeping administration with histories most valuable legal niche, a NICER Certified Pro Bono Hollywood style Trust Reading.
This was very informative and important information. We had been trying to get my father in law to get a Trust or give us POA, but he was a “know it all” and extremely stubborn man that thought he had it all under control and didn’t trust even his 2 sons with any of his financial information! And did I mention that my mother in law had Alzheimer’s and he was her sole caretaker! 😣 So He fell and broke his hip and never recovered from surgery and died 45 days later. We had to move into their house to care for mom and then file for Guardianship, what a nightmare.😢 We put mom into a memory care facility and she was happy there, but kept falling and declining. We eventually got guardianship, but soon after passed away. Now we’re trying to get the guardianship accounting completed and closed. OMG All while filing for Probate for both of them 😱. I’m telling you all this to say, Get a Trust, don’t put your family through this nightmare!! People, push your senior parents to get a Trust!! Don’t let them get away with thinking they know it all!! Just Do It! ❤
As a real estate investor, I get people who contact me in probate pretty often. Videos like this help me a ton.
can you sale a house before probate and then divie out the money accordingly
why would someone contact a realtor during probate
Isn't it simpler to put property in a "Transfer on Death" deed & add beneficiaries to life insurances, bank accounts & investments?
Probate is AWFUL nightmare, 5 years and still waiting to transfer everything from my later fathers estate and move on with my life. I've spent 165k maintaining the estate.....I can't sell as the legal heir to downsize because i don't have the title to the home....YIKES PLEASE put your assets in a trust rich or poor !!!!!!😫
Probate is very depressing. People get very greedy and it's a long drawn out process where lawyers just disrespect your loved one and steal everything.
Yes I am in a true 100 percent agreement with you. I both recently have and still are. With multiple cases all at the same time. I have paid three atturnies in full. Over $31,000 one attorney is in a neighboring state. They still asking for more. The probate case I just lost. I lost 100 percent of total realestate worth $295,000.
You deffinitely DON'T!!!!!!!! Know where I am at right now. Not one of the elder family members made out a will. There is only us two siblings left. My sister is both wicked and evil. The amount of state laws that she is breaking. By stealing and selling illegally is truly unreal. God I need to stop right now.
I agree. That has been my experence so far. The lawyer is a scumbag.
Damn
They’re just doing their job 🤷🏽♀️
My sister rushed me off to rehab before what would be my moms last Christmas coerced me into signing something after her death while i was still suffering withdrawals six years later when i ask about it she turns into the devil has had me arrested on false pretense and tried to entrapt me twice @ariesmight6978
Wow! My father just passed with no will and assets in his name and it's a mess. Thank you for this it was very informative!!!
MINE TOO, HE WAS AN IDIOT! MY BROHTER THE CRIMINAL ALCOHOLIC WAS THE POA... CAN YOU IMAGINE?
Wow just curious as to how long did it take to settle his estate
@@Happyflower_gyal like a year
My husband of 15 months just died. He had no living will or assets. All his insurance policies were left to other beneficiaries besides me, so Virtually, I was left with nothing.
Because he died as a result of a car accident, I filed a claim against the driver that killed him. That driver had limited tort, so my attorney turned to me and my husband's car insurance policy for compensation. They did grant the claim, but it's been granted in my husband's name. Now I have to open up an estate in his name.
I need to know what to do. How long will I have to wait before the estate closes?
I have a PI attorney, but I need a probate lawyer to help. Sadly I can't afford to pay 2 sets of attorney's.
I'm
Ok
Thank you for taking the time to create and post this informative video. My father just passed and I have a lot of research to do. Thank you for pointing me in the right direction!
My mother in-law didn't take the advice of a Legalese Administration Legal to hire a professional to inventory an appraise her parent's estate and sold her father's antique care collection for the price of scrap metal and lost a quarter of a million in step up value.
A living trust seems to be the best way to go. Probating a will seems very complicated and time consuming, much more than you would think it should be.
A Living Trust cost my family 50% in Billable Litigation Hours 5 times more than probate, the way to go is NICER approved Forgery Proof Legalese Administration Lawyers and their team of Allied Legal Professional Trust Guardians, defending Grantors when we're vulnerable and our Grantees when we're not around.
You should see probate law in Canada. It’s been a year and my brother and me are starting to go a little stir crazy with all the paperwork that the lawyer sent to the court only to have it returned because a paragraph or sentence needs to be reworded. I think the judges do it for their own amusement.
lawyer drawing it out for more fees??? worth a check
A family member was managing my mother's Certificates of Deposit from 30 years ago till recently. He was to report all the interst on his return, paying the tax, takng only the tax liability out of the matured CD's, then reinvest or rollover the CDs once again. In the end, he took all the interest and only distributed the beginning balance of total CD's taking 100% of interest income less the tax portion. Is this a probate court issue, or anoher court? My mother had no will or living trust. We only trusted this family member to do the right thing. The CD's were kept in 5 children's names but he managed it totally, and in the end took about $80,000 in remaining interest thru the years. Please repsond to our plight, and would be most greatful. THUMBS UP!!!
This video, consistent with all your UA-cams, is quite informative. Thank you for this service!
I was wondering if you would consider a To-Do List one could use to ensure all is prepared and ready for ones own death. Death & taxes are both a surety and I would not want to leave my executor with any problems when (not if) I die.
Your video is the best and easiest video I've ever learnt so much information and I understood. You have a gift at teaching. Thank you so much! What a clever man.
Thanks Paul for doing these videos. I found them to be informative and help.
This was very interesting and informative, thanks you for posting it. I think the audience would benefit from knowing the approximate cost of a similar probate ?
Thanks Paul
Thank You for making this info so easy to understand😇
Excellent question!!
Excellent, so timely. Thank you. You explain this so much better than my attorneys. Does the real estate in a trust need to be sold to get the tax free transfer?
U do realize layers don't care thay just want there stupid f*** money
Re: Savings bonds. I as the executor put all the bonds in an estate account at the US Treasury. That step digitizes the process and removes paper. Then I had the beneficiaries set up accounts at the US Treasury. Once we passed the 6 months hiatus (for KY), I used the judicial order to direct the US Treasury to move specific bonds to specific beneficiary accounts. Surprisingly, the US Treasury has a special office outside DC that handles it. It provided a terrific electronic trail, set up a quite easy redemption process for the beneficiaries (a few clicks), and most importantly, allowed the beneficiaries to continue to hold the high interest, 4%, bonds to maturity, +10 years. Paper bonds are not very convenient for anyone, especially clerks in a government office. Handing them out with death certificates obviously worked, but I would bet it took a while.
One other related note: Savings bonds in the IRS code have specific exemptions to rules on a revised cost basis from probate. Though the bonds moved through probate, the cost basis remained at the basis of the original purchaser.
The same court issued a check for my deceased brother. I am waiting for the DOJ on that issue. Took my brothers inheritance and I made them aware of it.
How about the effect of putting real estate in a trust and how assessors may treat the homestead exemption.
WHAT? A Video with *actual Examples* ??? Thank you!
I love how detail you are! Thanks for the information
Will names two executors: "coo- executors" trouble and complexity? (one executor lives several states away from the area where the deceased had her accounts and where the Probate Court is located)
Estate account could have been moved to an interest paying credit union instead of to a bank checking account (no interest) ? but the other executor does not want to do/allow that
estate account in checking could have been retained keeping some money in it but the balance moved to another estate account (with the same title "estate of" and same EIN number as that of the checking account but earning interest in CDs or other "money market savings" ?
We are fed up with scammers, spammers, and estate planners promising peace of mind and getting crime and Billable Litigation Hours.
No worries NICER's 33-year reformed Financial Elder Abuse Defense Network Security Systems arrive around Thanksgiving time. With a Forgery Proof Arbiter Interdiction Trust and Schedule A Permission Ledger Counterfeit Free LLC. To protect vulnerable seniors from Financial Elder Abusers and defend Grantees Legacies.
A line graph on a lecture board depicting the respective heirs would have been helpful to better connect the steps to .the probate process.
Very help full just getting started
My husband and I had seperate revocable trusts with pour over wills. He passed away last year. He did not fund the trust. He instead left things outright to people such as tod and what we owned together went directly to me. I brought it to the attorney and she said there was no need to probate. I received court papers to the affect that no taxes were due on the estate. Everything was fine. I paid all the outstanding bills of his and distributed things according to the trust. His brother died 3 years ago. He left money to everyone in his will. Being a brother my husband did not have to pay taxes on it. The sum was $17000 a small part of the estate. The attorney said everything was fine. Now a year later she telling me this amount must go through probate because the executor of the brother’s estate said he can’t close the estate unless it does. Everyone else has received their inheritance except for $300 each being held back by the brother’s estate. So now I have to pay my attorney $2000 to go through probate on my husband’s settled estate/trust and the heirs of his brother’s estate have to pay their attorney. This doesn’t make any sense to me since everything was settled already. We wanted to avoid probate because of expense and the heirs are satisfied. Why would the executor of his brother’s estate insist on my husband’s will pour over and trust be probate. It seems like it’s none of his business and costly to the trust. What am I missing?
You can file a cheap version and disclaim it.
Actually in my state, he can deposit the funds to your husband into the court.
So it looks like it's the best thing to do is have a Living Trust? Thanks
Is there anyway to set aside money for funeral expenses without a full blown insurance policy?
So what does executor have anything to do with getting your deceased parents medical records 🤔 I've been trying to learn about this probate stuff I don't even know why hospitals or medical facilities would even ask for one. Just like I'm reading the executor handbook it mentions nothing about medical records. It's all about Will's estates etc. If someone could help me out I would appreciate it.
Do you have videos on Affidavit of Heirship and how that works?
My father passed away almost a year ago now he left a will appointing my oldest sister as the p.r now are stepmother is taking us to court cause he did not put her in the will also they was 3 days from getting a divorce wondering if you have any advice that I can do or even bring up in court she has not ask for his ashs pictures or to help take care of his bills or creditors all she has said she wanted is anything worth money
You're a very good teacher. Thank you!
If POD beneficiaries were already named at the brokerage account records, would probate be avoided on those assets?
Yes, they would automatically go to the beneficiary on the account.
My sister stole my father's business from my mom after he died. I'm executor and I'm going to be filing a summary of administration after 2 years. She's kept us out of the mail bank accounts everything. Will she go to prison? I hope so
Update??
There is a huge story here. One of the pages that were signed and witnessed didn't have the county on the top. What do I do with that? The clerk was not very nice to me about that. We had a joint account he listed as owner/primary. He had not a penny w/no beneficiaries on this will. There is nothing being left to anyone at all. This living will is cut and dry. It does not have heirs, beneficiaries, or the like. There is a clause for his stepson to take care of his dog. Once again, will be witnessed and written back in 2013 leaving me w/ a hot mess!!! UGH. I will get those witnesses to sign another affidavit because the clerk wants that. Gee, I wish I were Ed I'm pennyless now!! UGH. This sucks, I'm a college student going for my PhD as a clinical psychologist. He was not supposed to leave me!!! I was supposed to take care him for the rest of my life!!!
My father passed I’m his only child and his nephew claims my father had a Will and left everything to him I never saw a Will how do I find out if their was a Will or not?
Yes find out if there’s a will cause he can lie and take everything just because.it’s illegal for him to do that but he still as to probate the will anyway if he wants those stuff legally In his name it if there no will if your father doesn’t have a wife everything automatically goes to you if their aren’t no outside kids that’s pops up out of nowhere.
You need ho contact a probate attorney ASAP!
I have no problem as long as you asked them if you can use them as an example without names. Just ask.
Thanks, so important, I had no idea, WOW., mindboggling, I'll watch a few more times, make plans.
Is the trouble and expense of probate highly specific to the state where the deceased was resident of ?
Court can periodically charge a fee for as long as the probate remains open ? Fee can be considerable as for instance, $1800. even if the jurisdiction doesn't have "inheritance tax" ?
Best to pass on as many assets as possible outside of probate? "payable on death" "transfer on death" "beneficiaries" ??
One of the main purposes of probate is to make sure the estate properly pays the debts owed by the deceased before assets get distributed to heirs ?
Probate was granted in 2 days in Nz with a forged will and without notice. Now we have to recall probate and prove forgery. Crazy but doable I hope.
A greedy Trustee changed our parents estate plan costing 50% in Litigation so we'll see a NICER Approved Forgery Proof Legalese Administration Lawyer and team of Allied Legal Professional Trust Guardians to defend us when we're vulnerable and Grantees Legacies.
Hello. I have a few questions. My sister, executor, is hiding my fathers WILL from me. My other siblings have seen it. My mother passed awsy last year in a different state. The probate office where my father passed is lying to me, and keeping the WILL from me as well. What can I do? My sister said early on, "I'll never let you see the WILL." My brother told me they came out right before Dad died, and MADE him change his WILL. To make it easier on everybody, he said." About a month before my father passed, he started drinking heavily. From noon til bedtime falling on the floor at night. He drank before dinner all his life. He was a functioning alcoholic. I believe whatever they did made him so unhappy he increased his drinking. He passed away suddenly, although being treated for a blood clot. The EMS was there, no police came. Just my mother and neighbor at the house. I was called home. The EMS wouldn't let me see him. No police came. I signed the form for EMS. I asked what was put for cause of death. EMS said heart attack, and took him to funeral home. No autopsy to my knowledge. He passed in 2008. But a lot happened then. I still don't know why my sister is now hiding my mother's WILL. Probate office where my father passed still won't send me a copy of fathers WILL. I don't know if it's the amount of money or something else that bering hid from me. Any information would be helpful especially on saying heart attack. Don't they have to do an autopsy to put that? Is heart attack a cause of death on a death certificate? Thank you! Just anything you can tell me is appreciated.
This is the exact thing happening to me. It's been over a year
Better get ur own probate lawyer
I was talking to a lady who’s went through probate .Her father passed away ,I don’t know if her father died before Covid.She told me the clerk of court is very slow it will take 8 months to a year, maybe you have the same clerk of court . I’m supposed to be in a will and never saw the will.I talked to a secretary that worked for a lawyer ,she told me their was nothing the lawyer could do until probate.
No incentive for the government office will lie to you on this. Get a lawyer!
Thank you for the video. What happens when you only have a copy of the will?
Super intresting , he does a great job of breaking this down
When does one need a probate? There is no will and the only asset is the house. A beneficiary was named for insurance
What about her debts. The creditors will file to get paid. That is why have probate. Will need to file or state will do it for you and appoint state government person to be the executor, not you. Then you will have to answer to them. House will be seized and sold is a possibility if unpaid debts and mortgage. Taxes will need to be filed also.
@@jackfrosty4674 the house would only be sold unless somone wants to take on paying any debts
My aunt passed 2 weeks ago. She had no will. I am beneficiary on life insurance and planning the funeral. However I am anticipating a mess. She had 3 other nieces/nephews but they seem to not really want to be involved. She owned a small condo which will ultimately need to be sold. We are still really early on and have not even had the actual funeral yet. Just trying to view some videos at this point as this is all new to me. Even though I am only 50 I'm thinking getting a will may be a good idea.
It will divided by the heirs. Yes your in for mess, if she had a will she would still have to go through probate but its more straight forward.
At 50, I believe you should have had one long ago. At 37, I feel like i am way past due having a will, a living will, a designated POA and an Advanced Directive. It's not fair for the family when one leaves these things undone and passes away
So the brokerage account your talking about is done with a real estate company?
My grandfather past November of 2023 and left my mother the will. Even though, she has 6 siblings, my grandfather wanted my mother to have something. However, my Aunt hijacked my grandfather’s bank accounts and stole everything. She even hired 2 attorneys. The system is so busy being corrupt, that they don’t care about what’s going on down here. We hired 3 attorneys and 2 of them, we believe we bought off by my Aunt. My mother has done ALL the leg work!! All a lawyer has to do is present it to a judge! Can’t get a lawyer to do what you want them to do! United States traded our rights into privileges! Local courts doesn’t honor the Constitution! If it’s corrupt on top, we don’t stand a chance for ANY recourse down here. Smh
Hello from California!
Two part question- since taxes need to get filed, what happens to a possible refund? Or if taxes are due?
Enjoying your videos.
Thank you
seems like would add to the deceased estate account opened for probate place for funds.
What if the heirs/legatees will not agree to making Ed Ind. Exec., I guess you would have to petition the court to ask them to compel making Ed Ind. Exec. or a temporary Ind. Exec.?
My mother and father passed away with a will and is still a mess.
how about cost differences for setting up an irrevocable trust to avoid probate vs probate court costs? my state massachusetts has high probate court costs and naturally taxachusetts wants their piece of the pie. which is cheaper paying a lawyer to set up the trust to avoid probate or going through the probate process?? what if theresa had just named Ed as beneficiary on everything and put his name on her house deed and instructed Ed to disburse the estate the way she wanted then there would be no court costs, no lawyer fees, no one looking to make a buck off a loved one that passed? the only exception there would be Ed and if he did the right thing i guess or got greedy and took it all right? you’re fucked while living and you’re fucked when you die too. it isn’t bad enough you paid taxes on your money all your life, when you die your state wants fees and delay everything and you pay a shark (lawyer) to divvy up everything appropriately
see lady bird deed. Have right to live in house until death or deed on death. Are other ways to do this. Can do deeds where have right to live in house as long as live. Can even do a trust where control all and can change it and house goes to whomever you want when you want. See lawyer. Consultation worth it. Go to a probate lawyer.
I called the lawyer after getting the probate letter saying I was one of 5 on the will. He said they don't have all parties meet and go over anything. I was told I don't need to anything but just wait for the closing.
My step-sister (who won't communicate with me)!was put in charge and I notice she tried to sell the house a few months before the probate was filed now puts the house on the market then takes it off market. Can I call the attorney to make sure all is being done truthfully and to find the progress? Thanks.... Not wanting conflict I'm just hoping she will fairly split everything equally 5 ways as she has said she is very spiritual in the past
Good luck
Hey Linda. Im in a very similar position. Do u have any updates just curious on your progress or outcome
Have to file will and assets and debts with probate court. Suggest look their for paperwork.
What happens if the original will is lost or cant be found.
Hi, Paul! I know you can't go into detail answering a ton of questions re: multiple and disparate potentials re: every probate; however, rest assured-I'm *only* clarifying your reference to multiple death certificates! 🤗 I'm a paralegal, and so I'm curious!🙏🤗 Seems you mentioned about twelve death certificates! Since there was only one decedent (Teresa, the Testator😊), what were all those death certificates for? To whom were you going to give them? Did you simply order multiple copies on the one decedent's death--in case you needed them for multiple purposes? That's a high number! 🤷♀️ Thanks! I'll be checking back! Hope all is well with everything going on on the world! We're doing Zoom court meetings, and limited court house meetings in my State, now!🙏🤗🤗
@Itsjusta Hemi In our family going through the process we needed 8 death certificates because you need them as official records to close out and cancel accounts. A company called www.weareatticus.com help us understand what steps we needed to do after my dad passed.
Fellow probate paralegal/legal assistant here. Multiple are needed because some businesses require original death certificates, though in my experience most are ok with a photocopy. We’ve never had 12 in our file; usually 3-4 is enough for our purposes (in WI).
@@TheDecoCottage bank will certainly need the original!
@America's Estate Lawyer - Is there a way to get to you? I wanted to clarify a question please.
My independent executor, an experienced lawyer and law professor in La., says he can do special and initial residual distributions without going back to court as long as he sets aside enough for debts and fees. Is going back to the judge always necessary?
I’m wondering about how real estate willed to multiple heirs is handled.
Sell it and divide the money.
Thank you for all your the very informative information .
When my parents passed on, there was no probate. They both had revocable trusts and their assets were transferred to us, to the children. When does a probate process get initiated involving a judge or a court? What action triggers a probate process? Is it when someone seeks ownership of their parents’ assets?
In my case, my friend died with no kin listed. He told me he’d handled all his affairs but He left a set of bank keys to a security box on the table the morning he died. No clue what’s in it. I’m not listed on the bank box and must go through probate. Idk if that helps at all.
I work in probate law. There was no probate in your case since all your parents assets essentially had beneficiaries named (the trust) so it became a trust administration instead, where everything funneled through the trust.
Probate come into play when a person passes away and didn’t name a beneficiary on certain assets. I’m not an attorney (but work for one) and we’ve done probates as simple as having a residence as the only probate asset to as complicated as having to add multiple bank, IRA, stocks/bonds/mutual funds, 401K, and real estate as probate assets because no one was listed as a beneficiary.
It’s worth hiring an attorney to do some estate planning. Costs a couple hundred dollars up front, but saves your loved ones thousands in legal fees on the back end.
Once the assets in the decedent's name, it will require a probate.
@@TheDecoCottage Does having a will also bypass the probate process?
You are my favorite genius. I need your help so bad, if you can answer me please it is very important. Thank You and thank God for you.
So 6 months ago I ran into an opportunity to buy out one brother of 2 brothers who inherited their father's estate which was in probate for 4 years they needed it to close the probate and 1 brother wanted to sell the other brother didn't want to sell. The brother that didn't want to sell was my Harley master mechanic guy My boss was convincing me for a year to do this and I finally did it on the 11th hour 6 months later The brother that stayed on the deed with me after we closed passed away due to a heart attack we had an agreement to write a will for me to receive his half of the house for saving his a** he never got to it now I the brother I originally had to purchase the 1/2 interest of the estate will be assigned as the Executive , I was wondering what kind of power for lack of a better term do I have in this situation
Can you please provide an update? I'm going through a similar situation. Thanks.
My Dad is 87 Years old & not doing well. Dad has NO property & is in a Nursing home. He does have Mutual Funds/IRA's with an Invest firm & all of that money has beneficiaries attached to it.
Do I have to probate his estate eventhough his money is all spoken for? (I am Dad's executor & there is a will)
❤️❤️awesome information
Very beneficial information and timelines.
What is a estimated time of the process?
I wish there was a law that stated the time period this must be done in. Instead its too ambiguous.
Thank you Paul!
You’re welcome JL 😃
What happens when there wasn't a will? Why would the probate attorney ask for the tax W2 of the person who passed away?
So have some idea how much money that may have lying around this year. Also dead person still has to file a tax return for year died.
Thank you,however too much talking not enough info. I guess I will stop by the court house myself and bring all the paperwork
As a paralegal just starting out in probate, thank you haha
Hi..... Is. Probate sensitive in the will???
What i mean is if 2 will exists, the the old will will probate the new will will hide... Is attorney Notice of that??...? Is that noticable during probate?????
If two out of four children were disinherited and specifically named in the will as being disinherited, can they contest the will and what would their chances be
I am in NYS what the heck can I do. My partner passed on the 13 at 71, my sweetheart for 25 years. The will isn't notarized yet witnessed back when he signed it in 2013. He put me as executor of his estate. There is no leaving this to that. No leaving stuff to anyone. It's just a simple 10-page living will.
Sorry, no notary means the will is not valid.
@TD-gt8ko not true, look up holographic will
I want to contest my brother's boyfriend getting anything because it was under duress
Thank you !
My situation: Wife passed and her family members are passed. I am her spouse and we both live in North Carolina. She doesn't have a lot in assets, mainly the house that I am wanting to sell. She also had a truck where I am the primary signer and she is just the co-signer that needs to be sold to help take off some financial burden. How fast can we get this moving? How long before I can sell our home, as I really can't afford it and the housing market is selling pretty good right now. I just want to get past this hurdle as this is a heavy burden on my shoulders in addition to having my heart broken daily since my soulmate is no longer here. I hope this makes sense. Also, since its just me do I really still have to go through probate? There is no children or siblings on her side of the family. Can you help or can anyone in the comments as well. I am open to learn new things about this process.
Hope someone who can help you comments.
aware that you have two years from the time of death to sell the house and get the $500,000 exclusion, not two tax years. After that, the exclusion will be only $250,000.
Depends on how hold title. Most couples own property in joint tenancy with rights of survivorship. This allows the ownership interest in the home to pass from one owner to the other automatically upon death no probate needed. When the time comes to sell, and you have a buyer for your home, you ‘ll sign the contract for the sale as the sole owner of the home.
Once you have possession of the will, it’s your responsibility as executor to file it with the probate court after the decedent’s death. In most states, you have 30 days to complete this step.
a community property state, which means that following the death of a spouse, the surviving spouse will have entitlement to one-half of the community property (i.e., property that was acquired over the course of the marriage, regardless of which spouse acquired it).
Typically, after death, the process will take between 6 months to a year, with 9 months being the average time for probate to complete. Probate timescales will depend on the complexity and size of the estate. If there is a Will in place and the estate is relatively straightforward it can be done within 6 months.
Owners who hold title as tenants in common will have to go through more steps to get the property sold. Tenants in common own a specific percentage of the home; say, 50 percent or 25 percent. When one co-owner dies, the other does not get his or her share automatically. The disposition of the asset depends on the will; if there is no will, then probate court. But in any case, to transfer the deceased’s share of the property, you’ll likely find yourself in probate court, which could be expensive and time-consuming.
To sell a house after your husband dies, the recorded title to the property must be cleared of his name, officially transferring his interest in the real estate. The manner in which you and your husband took title mandates what’s necessary to convey a clear title for the home for a prospective buyer. It's always helpful to seek competent advice from a qualified estate attorney. The local Bar Association can assist in finding certified legal specialists in estate planning, trust and probate law near you.
Know the home's Assessor's Parcel Number (a real estate agent or your tax board can get that for you) and have a Certified death certificate, an original, not a copy.
When a house is in a revocable living trust, transferring ownership can be a simple process. The successor trustee must file a signed affidavit for the local county records. You’ll be asked to provide a death certificate for the deceased spouse to establish the fact that he's no longer serving as the trustee. It will also designate the successor trustee (you) who can convey title to the home.
Do you know if a mortgage is a deductible value from the Value of the estate? In other words I sold a home for $200k but it had a mortgage for $80k on it so I only got a check for $120k, but the probate lawyer wants to charge the estate for a $200k home..
Her assets minus her debt. Both have to be file with the probate judge.
Does anyone know the awnser to this question I have……my grandparents will was simple. My mom and aunt split everything 50/50. Well my mom passed away before her parents and I believe she was the executor. So are my sister and myself supposed to recieve her half since we were the blood decendents. We signed a paper making my aunt the executor because she was the one that had access to there bank accounts since she was taking care of them. We don’t know anything, completely out of the loop. My aunt told me at one time she made sure my sister and I were getting my moms half so my dad wouldn’t. And she’s told me she was going to go see a lawyer to get the estate closed soon. What should we do, we’re afraid to ask about seeing the wil and stuff like that, just kinda going on blind faith we wil recieve our mothers half as we were told by my aunt, 6 months have gone by, how long should we expect to wait.can we expedite this process or should we get an attorney. We love our aunt she tells us she loves us so no fighting going on. We’re just scared bc we’re not told anything like amounts to expect or anything. Eff
Well I’m going through this now if I’m not mistaken your mom wasn’t able to legal obtain nothing from the will since she passed so there’s nothing in her name even though it was stated she supposed to get it. She can’t sign nothing to her. So it’s really up to the Courts to say which is why your aunt probated on your mother behalf. So as long as your mom still not married yes it would go to you and your sister and your aunt gets her half she was promise.
We did a summary administration for the $30,000.00. Estate. Dad’s girlfriend claiming all TTP of estate were gifts to her, or her son gave them to her, etc, she also gave away and sold TPP. She is named nowhere in the Will. We are now having to go Full Administration. I’m making lists of pattern of deceit, copies of forged credit card receipts, and she hired someone to open Dad’s safe and is telling us it was empty. We need to lay out the pattern of deceit, illegality of her giving TPP away. What will the judge be looking for? She’s so stupid it’s almost funny. She denied knowing about Dad’s credit card, but I have the receipts for over $15,000 of purchase where she signed the receipts using various names. She also claiming ownership of the property because she purchased it, but she still denies knowing about the credit card.
How is that going?
Tell her you go to jail
sorry to keep this up, but since this living will made me the executor and distributee, I will get the will notarized with those two witnesses once I find them. This way no probate correct? No one got any inheritance at all on this will
Actually you still have to probate only thing is this is easy and straightforward because now the courts know where everting is suppose to go so they just transfer to the right person to keep it.
I just got a formal notice and i have to respond in writing i don't know what to write i need help
Hello, I notice it’s been a year since video has been posted . I’m curious, do you still review and answer comments?
I have a beneficiary (wife) in Arizona that has obtained an attorney and has asked to transfer the title of the home jointly owned by them just 25 days after the Notice to Creditors in Probate, she was involved in a Auto accident prior to the death of the decedent and was sued with the insurance company. I have asked for information regarding to the status of the case with no response. I have been looking for information as to waiting for the 120 days to transfer the home and stocks just in case a claim is filed against the estate. Any information is appreciated ,
Thank you
Thank you. Very informative!
Hello..as the probate lawyer, are you responsible for finding all assets of the deceased if the family really doesn’t know all of what deceased has?
From what I assume yes they are they handle all the hard work and headache for you so you don’t have to do it yourself. But it is kinda costly though. But trust me get a lawyer because unless the person that died had everything in place you gonna regret taking that on.
Is a Roth IRA consequences the same as a IRA?
My Dad passed on ,I never got to see my Dads will do I have rights to see it,and how do I go about it.
I'm hoping you can advise- my husbands grandma passed recently and the will we found is from 1996 when her husband was alive so his daughter is named executor. My husband is named in the Will, for something else. Will he be reached out by probate court? And if so, if we don't sigh the waiver that probate court gives, what happens?
In other words, we don't believe this will should be valid and think it's needs to be contested.
How did it turn out?
Will should be valid.
This video is great and honestly really helped me understand. What if the trustee can't produce or find original/copy of the Trust? My parents are the Trustees on a Trust they created in the 90's. My father died 2019 & one of his IRA's had the Trust as his beneficiary. All my mom has is a TIN/EIN from IRS with both their names on it as trustee and we are not sure how to get the IRA distributed in my mothers name. State is Illinois. Thanks for any tips and for the very helpful videos.
What happened ?
What does it mean when homestead is not entered on a probate?
Are you in Indiana? If not, would you please, recommend an attorney for me to contact in Indiana.
Where do you obtain the forms needed for circuit court?
Will probate court take longer due to Covid? My dad just passed away from Covid and left three mortgages.... pending... any advice.
Also, is a probate attorney the same as an real estate attorney?
I’m from Arizona
My case took long bc of Covid normally takes a year or two from what I read but it’s close to 3 years now for me
Mine is still probate it's been a year
What about matured stocks in the state of birth..why have they not been disbursed..now 3 years later
thank you for this information
How long is the court process to remove personal representative after judge requests all interested parties are served with the petition I filed proving personal representative submitted a copy of a fraudulent will because I found and filed actual will
What happened?
They have a attorney and I don't.
Paul, our uncle passed away on Christmas, my husband is a beneficiary but my father-in-law does not want to share inf about the will, he is stating that all of my uncle's annuities have him and his brother and deceased sister as beneficiaries. What do we do to find out the truth?
go check out records in probate court they had to file with clerk.
Going thru this now eith the passing of my father last year and already had to fire one attorney.can you tell me usually if 1,do attorneys get paid monthly and 2,can anyone do probate by themselves?thanks