Who Pays Inheritance Tax? The short answer is that the estate is responsible to pay Inheritance Tax out of the money the beneficiaries would have received. I need to explain what the words estate, inheritance tax and beneficiaries mean in this context.Estate When a...
What if no one wants to be executor of an estate?
To administer a probate of an estate, you will need an executor, who is also known as a personal representative.
When the State Decides Your Inheritance: Law of Intestacy
If you don’t do your estate planning, the State will plan for you using the Law of Intestacy. Could the state decide your inheritance?
What are Beneficiaries?
Many people wonder, what are beneficiaries. They also wonder why, even though the will or trust names them as beneficiaries, they get nothing. The reasons are surprising. Definition The definition of beneficiary is someone who is entitled to receive some kind...
How is Death so Confusing? Types of Death Certificates in Arizona
Death Certificate A death certificate is an official document from a government agency stating that someone died. It is important to know who is legally alive and who is legally dead. If someone is dead, and you don’t have a death certificate for that person,...
Is Your Executor not Communicating with Beneficiaries?
An Executor must communicate with all the beneficiaries; however if there is no probate, no one is ever notified.
When the Last Will Fails: Operation of Law
Disinherited If a loved one dies and the Last Will says you get everything, why were you disinherited? The most common reason for you to be disinherited is because the assets were transferred to someone else by operation of law. Operation of Law ...
What is a Quiet Title? A quiet title action is needed when a piece of real estate has been in the family for many generations, and the legal title to the real estate is in the name of deceased ancestor. The quiet title action is used to transfer the real...
Can an executor of a will take everything?
Let’s see. In Arizona we don’t use the term executor, instead we use the term Personal Representative. A Personal Representative is appointed by the Court to act on behalf of the deceased person. When the Personal Representative is appointed they have three jobs.
Breaking Down the Probate Process
Probate, quite simply, is the process by which the court determines the legal property of a person who has died, and decides to whom those assets will be distributed. It sounds like it should be simple, but somehow, unfortunately, probate is hardly ever simple. Even...
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