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Why You Should Avoid Probate if You Prefer Privacy Even those without an understanding of estate planning may have heard about probate, and how it can be a lengthy and stressful process. Probate is a court-supervised proceeding that distributes a person’s estate after their passing. If someone dies and has property left behind, but there’s no will, then the court takes over through probate. Because a property owner is no longer present to execute deeds, the court is the only entity that is permitted to oversee the transfer of a deceased person’s property.  For those who prefer privacy, establishing a …

Purchasing real estate is a major life decision, and like any other major life decision, you shouldn’t go in blind. If you’re interested in property, you should make a visit. You get the property looked over, and you make sure all your bases are covered in case there’s any trouble. And you do all this before you even consider buying the property. As a real estate lawyer, like one from Yee Law Group, P.C. can explain, you have to be careful when you’re investing in property. While property and real estate have always been talked up as a sound investment, …

If you have gotten to the point where you have decided to create an estate plan, you are making a great decision that will benefit you, your family, and your loved ones. Almost every adult will have an estate of some kind, even if they are not wealthy. If you pay a mortgage, have a car, have any money in your bank accounts, and even have furniture, then you have an estate. When this is the case, moving forward with an estate plan is a wise idea. The next question you may be asking, however, is this: do I really …

According to consulting firm McKinsey & Company’s annual survey of private markets, businesses raised $7.3 trillion from private markets in 2020, and 61% of those funds came from private equity. The availability of private equity investors can be good news for business owners. But before you make up your mind about whether a private investor is right for your company, complete this three-step assessment: Step 1: Understand your motivation. Is this a growth strategy or an exit strategy? Step 2: Define what an ideal arrangement would look like, including any negotiables and nonnegotiables. Step 3: Understand that your role at …

Estate Litigation Appeals Lawyer A person cannot contest a will just because they don’t approve of the terms. Judges in particular won’t have much tolerance for contested claims that have no merit and were only intended to cause delay in distributing assets. Contesting a will can be a costly and lengthy process that necessitates hiring a legal professional for help. So, prior to someone plowing full speed ahead in haste to contest a will, they must be sure one or more of the following applies: The decedent was affected by undue influence Sadly, many elderly people get taken advantage of …

How Can an Internet Lawyer Help You? Internet lawyers are also known to be cyberspace lawyers and this is due to the fact they do with the creation and maintenance of websites and online businesses. These lawyers can help you if you have to go to court, they will help file lawsuits and can file paperwork on your behalf like most lawyers. The only difference between them and many other lawyers and traditional fields is that they deal with a lot of Internet data. But how exactly do you know if you need an Internet lawyer, such as the ones …

How Should You Choose a Beneficiary for Your Estate? Estate planning can be difficult for many different reasons. First, it is hard to think of your own mortality. This is not fun or easy, but it is important to make sure your loved ones will be taken care of upon your passing. Second, estate planning can cause drama. If you appoint someone as your beneficiary but another relative or friend assumed that it would be their role, there could be hurt feelings that cause complications. This is why you need to have an experienced estate planning lawyer, on your side …

Probate Lawyer The process of probate is overseeing the gathering of assets, settling debts, and distributing estate to heirs. But unfortunately, for some families, probate will be a stressfully bureaucratic process that can take months or even years to complete. A smaller estate may be probated in about a year, but around two years is not rare. In particular, larger estates with high assets may take several years. This process is understandably frustrating for surviving loved ones, especially during a time when they are in the midst of their grief. Because probate is a court process, is it open to …