Probate can be lengthy and costly and can eat away at the value of your estate. Many people want to ensure their assets go to their loved ones without the hassle of probate. That is why understanding which assets bypass probate in Virginia can make estate planning...
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Navigating Virginia’s probate process: What Fairfax residents need to know
When someone living in the Fairfax area dies, local courts likely have jurisdiction over their estate. Family members with an interest in the estate may have questions about the overall probate process. Those who may serve as the personal representative of an estate...
What are probate and non-probate assets?
Losing a loved one is never easy. Besides the emotional turmoil, there are practical matters to attend to, such as settling their estate. One of the first steps you may encounter in this process is understanding the difference between probate and non-probate assets....
What happens during probate?
There is more to probate than just distributing assets to the will beneficiaries. It’s a legal process that involves several key steps. Understanding what happens during probate can help make things easier for everyone involved in the process, whether you are an...
5 common probate pitfalls to avoid
Facing the complexities of probate can be daunting, especially when learning about the process’s potential setbacks. Understanding common pitfalls is crucial to ensure a smooth process. Here are five common probate errors to avoid: Failure to file will in a timely...
What are common mistakes an executor makes in probate?
When a loved one dies, the monumental task of managing their estate often falls on an executor. The decedent could have appointed this person on their will or the court may designate them if there is no existing will. An executor must carry out the decedent’s wishes...
How to simplify the probate process for your loved ones
Without any doubt, your loved ones will one day feel your loss very heavily. Naturally, you want to do everything in your power to make it easier for them when the time comes. Unfortunately, the probate process can be a serious strain, and any problems that come up...
How can you avoid delays in probate?
When a loved one passes away, the legal and financial process that follows often feel overwhelming, especially when you think about how long the process will take and how much it will cost. The same applies if you are the one who passes away and leave your loved ones...
Can financial accounts bypass the Virginia probate courts?
The Virginia courts oversee estate administration. The assets of those most people who die without an estate plan in place have their assets pass through probate court. Additionally, anyone who owns real property or significant assets solely in their own name that are...
Why do I need to worry about probate?
Probate is not only time-consuming but also a lot of work. The person you name as an executor or personal representative will need to inventory all your assets and file the supporting documents with the probate court. They need to communicate with the creditors of...